Northwestern Mutual Wealth Management Co. Increases Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Northwestern Mutual Wealth Management Co. boosted its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 78.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,435 shares of the company’s stock after purchasing an additional 8,133 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares Fallen Angels USD Bond ETF were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in FALN. ICA Group Wealth Management LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $219,000. Park Avenue Securities LLC raised its stake in 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 worth $3,165,000 after purchasing an additional 9,731 shares during the period. Cetera Investment Advisers boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 182.5% in the 1st 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. Comerica Bank grew its stake in shares of iShares Fallen Angels USD Bond ETF by 4.4% during the 1st quarter. Comerica Bank now owns 33,285 shares of the company’s stock valued at $894,000 after buying an additional 1,415 shares during the period. Finally, Creative Planning increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 4.5% during the 2nd quarter. Creative Planning now owns 459,991 shares of the company’s stock worth $12,047,000 after buying an additional 19,809 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 0.2 %

Shares of iShares Fallen Angels USD Bond ETF stock opened at $27.06 on Wednesday. The business’s fifty day moving average price is $27.04 and its 200 day moving average price is $26.65. iShares Fallen Angels USD Bond ETF has a twelve month low of $24.12 and a twelve month high of $27.43.

iShares Fallen Angels USD Bond ETF Announces Dividend

The company also recently disclosed 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 was Tuesday, September 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.