B. Riley Wealth Advisors Inc. Has $621,000 Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

B. Riley Wealth Advisors Inc. trimmed its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 13.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,717 shares of the company’s stock after selling 3,599 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $621,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter valued at $33,000. ICA Group Wealth Management LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter valued at $219,000. Park Avenue Securities LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 9.0% during the first quarter. Park Avenue Securities LLC now owns 117,844 shares of the company’s stock valued at $3,165,000 after purchasing an additional 9,731 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 182.5% during the first quarter. Cetera Investment Advisers now owns 768,476 shares of the company’s stock valued at $20,641,000 after purchasing an additional 496,455 shares during the last quarter. Finally, Comerica Bank lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 4.4% during the first quarter. Comerica Bank now owns 33,285 shares of the company’s stock valued at $894,000 after purchasing an additional 1,415 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Down 0.1 %

Shares of NASDAQ FALN opened at $27.15 on Friday. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.12 and a 12 month high of $27.43. The business has a fifty day simple moving average of $27.04 and a 200-day simple moving average of $26.65.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a dividend of $0.1348 per share. 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.