NBC Securities Inc. Reduces Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

NBC Securities Inc. lowered its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 91.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,261 shares of the company’s stock after selling 12,970 shares during the period. NBC Securities Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $33,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SouthState Corp purchased a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter worth $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the 4th quarter worth about $33,000. First Horizon Advisors Inc. increased its holdings in iShares Fallen Angels USD Bond ETF by 120.7% in the 4th quarter. First Horizon Advisors Inc. now owns 2,079 shares of the company’s stock worth $55,000 after acquiring an additional 1,137 shares during the last quarter. Private Trust Co. NA raised its stake in iShares Fallen Angels USD Bond ETF by 19.6% in the 4th quarter. Private Trust Co. NA now owns 3,290 shares of the company’s stock valued at $87,000 after acquiring an additional 540 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in iShares Fallen Angels USD Bond ETF by 143.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,323 shares of the company’s stock valued at $88,000 after purchasing an additional 1,957 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.0 %

Shares of NASDAQ:FALN opened at $26.41 on Tuesday. The company has a 50-day moving average price of $26.36 and a two-hundred day moving average price of $26.47. iShares Fallen Angels USD Bond ETF has a twelve month low of $24.12 and a twelve month high of $26.92.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were paid a $0.1414 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.70 dividend on an annualized basis and a yield of 6.43%.

About iShares Fallen Angels USD Bond ETF

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.