iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Position Increased by LPL Financial LLC

LPL Financial LLC raised its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,984,243 shares of the company’s stock after buying an additional 63,287 shares during the period. LPL Financial LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $52,999,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Kingsview Wealth Management LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 2.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 19,733 shares of the company’s stock worth $540,000 after buying an additional 415 shares during the period. D.A. Davidson & CO. increased its position in shares of iShares Fallen Angels USD Bond ETF by 8.4% in the third quarter. D.A. Davidson & CO. now owns 35,662 shares of the company’s stock worth $975,000 after acquiring an additional 2,754 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 360.5% during the third quarter. HighTower Advisors LLC now owns 38,861 shares of the company’s stock valued at $1,065,000 after acquiring an additional 30,422 shares during the period. IHT Wealth Management LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 87.9% in the 3rd quarter. IHT Wealth Management LLC now owns 31,099 shares of the company’s stock valued at $849,000 after acquiring an additional 14,546 shares in the last quarter. Finally, MML Investors Services LLC boosted its stake in iShares Fallen Angels USD Bond ETF by 11.0% in the 3rd quarter. MML Investors Services LLC now owns 427,302 shares of the company’s stock worth $11,682,000 after purchasing an additional 42,327 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Down 0.2 %

NASDAQ FALN opened at $26.82 on Friday. The firm’s 50 day moving average price is $26.98 and its two-hundred day moving average price is $27.02. 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 Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.1372 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.