Drucker Wealth 3.0 LLC Takes Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Drucker Wealth 3.0 LLC purchased a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,030 shares of the company’s stock, valued at approximately $341,000.

Several other hedge funds have also recently added to or reduced their stakes in FALN. Insight Wealth Partners LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 0.5% in the 2nd quarter. Insight Wealth Partners LLC now owns 101,950 shares of the company’s stock worth $2,670,000 after purchasing an additional 482 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 6.2% during the first quarter. Avantax Advisory Services Inc. now owns 9,484 shares of the company’s stock worth $255,000 after buying an additional 553 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 3.9% during the second quarter. Dynamic Advisor Solutions LLC now owns 17,928 shares of the company’s stock worth $470,000 after buying an additional 666 shares in the last quarter. Wealth Advisory Solutions LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 1.5% in the second quarter. Wealth Advisory Solutions LLC now owns 49,380 shares of the company’s stock valued at $1,293,000 after acquiring an additional 727 shares during the last quarter. Finally, Absolute Capital Management LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 9.1% in the 1st quarter. Absolute Capital Management LLC now owns 8,786 shares of the company’s stock worth $236,000 after acquiring an additional 731 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Up 0.1 %

FALN stock opened at $27.34 on Friday. The business has a fifty day moving average price of $26.94 and a 200 day moving average price of $26.61. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $24.12 and a fifty-two week high of $27.43.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a $0.1348 dividend. The ex-dividend date of this dividend was Tuesday, September 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.