Allworth Financial LP Buys 77,996 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Allworth Financial LP grew its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,206,488 shares of the company’s stock after acquiring an additional 77,996 shares during the period. Allworth Financial LP owned 1.65% of iShares Fallen Angels USD Bond ETF worth $32,563,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FALN. Alpha Financial Partners LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the third quarter valued at about $223,000. Creative Planning raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 5.1% in the 3rd quarter. Creative Planning now owns 483,351 shares of the company’s stock valued at $13,215,000 after purchasing an additional 23,360 shares in the last quarter. First Citizens Bank & Trust Co. lifted its position in shares of iShares Fallen Angels USD Bond ETF by 16.0% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 52,792 shares of the company’s stock worth $1,443,000 after purchasing an additional 7,288 shares during the period. TriaGen Wealth Management LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 3.0% during the third quarter. TriaGen Wealth Management LLC now owns 30,225 shares of the company’s stock valued at $826,000 after purchasing an additional 889 shares in the last quarter. Finally, Capital Wealth Management LLC increased its holdings in iShares Fallen Angels USD Bond ETF by 3.0% during the third quarter. Capital Wealth Management LLC now owns 154,810 shares of the company’s stock valued at $4,233,000 after buying an additional 4,501 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

iShares Fallen Angels USD Bond ETF stock opened at $27.02 on Friday. The business has a fifty day moving average of $26.92 and a two-hundred day moving average of $27.01. iShares Fallen Angels USD Bond ETF has a twelve month low of $25.90 and a twelve month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a dividend of $0.1433 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14.

iShares Fallen Angels USD Bond ETF Profile

The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. FALN was launched on Jun 14, 2016 and is managed by BlackRock.