Global Assets Advisory LLC Makes New $368,000 Investment in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Global Assets Advisory LLC acquired a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,694 shares of the company’s stock, valued at approximately $368,000.

A number of other hedge funds also recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its position in iShares Fallen Angels USD Bond ETF by 63.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,385,363 shares of the company’s stock worth $62,974,000 after acquiring an additional 921,570 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the 4th quarter valued at $16,210,000. Mather Group LLC. grew its holdings in iShares Fallen Angels USD Bond ETF by 5.4% in the 4th quarter. Mather Group LLC. now owns 6,673,371 shares of the company’s stock valued at $176,177,000 after buying an additional 341,019 shares in the last quarter. Assetmark Inc. increased its position in iShares Fallen Angels USD Bond ETF by 1,648.3% during the 4th quarter. Assetmark Inc. now owns 278,184 shares of the company’s stock worth $7,344,000 after buying an additional 262,272 shares during the period. Finally, Vestmark Advisory Solutions Inc. acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth $6,711,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $26.27 on Friday. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.12 and a 52-week high of $26.92. The firm has a 50-day moving average of $26.38 and a 200-day moving average of $26.47.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.1414 per share. The ex-dividend date was Monday, June 3rd. This represents a $1.70 annualized dividend and a dividend yield of 6.46%.

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.