iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lessened its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 114,308 shares of the company’s stock after selling 4,380 shares during the period. Orion Portfolio Solutions LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $3,053,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FALN. Nomura Asset Management Co. Ltd. lifted its position in iShares Fallen Angels USD Bond ETF by 70.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,421,084 shares of the company’s stock valued at $37,957,000 after buying an additional 589,100 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 6.4% in the 4th quarter. Mather Group LLC. now owns 9,566,735 shares of the company’s stock worth $255,528,000 after acquiring an additional 575,494 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $6,151,000. Strategic Financial Concepts LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the 4th quarter valued at approximately $5,839,000. Finally, Scarborough Advisors LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter valued at approximately $5,393,000.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN opened at $26.79 on Tuesday. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.90 and a 52 week high of $27.43. The business has a fifty day simple moving average of $26.97 and a 200-day simple moving average of $27.01.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a $0.1372 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

iShares Fallen Angels USD Bond ETF Company 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.