Brookstone Capital Management Reduces Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Brookstone Capital Management reduced its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 3.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,866 shares of the company’s stock after selling 968 shares during the quarter. Brookstone Capital Management’s holdings in iShares Fallen Angels USD Bond ETF were worth $722,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FALN. SouthState Corp acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter valued at $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter valued at $33,000. First Horizon Advisors Inc. lifted its stake in shares of 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 valued at $55,000 after purchasing an additional 1,137 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of 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 purchasing an additional 540 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 143.3% in the 4th 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 Stock Down 0.3 %

Shares of iShares Fallen Angels USD Bond ETF stock opened at $26.19 on Monday. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.12 and a 52 week high of $26.92. The business’s fifty day simple moving average is $26.38 and its 200-day simple moving average is $26.48.

iShares Fallen Angels USD Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were paid a dividend of $0.1414 per share. This represents a $1.70 annualized dividend and a yield of 6.48%. The ex-dividend date of this dividend was Monday, June 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.