Janney Montgomery Scott LLC Has $1.33 Million Stock Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Janney Montgomery Scott LLC boosted its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 16.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,547 shares of the company’s stock after acquiring an additional 6,957 shares during the period. Janney Montgomery Scott LLC owned 0.07% of iShares Fallen Angels USD Bond ETF worth $1,327,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FALN. Farther Finance Advisors LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 156.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,717 shares of the company’s stock valued at $238,000 after purchasing an additional 5,322 shares during the last quarter. Goldstone Financial Group LLC bought a new stake in iShares Fallen Angels USD Bond ETF during the third quarter valued at $259,000. Diversify Wealth Management LLC boosted its position in iShares Fallen Angels USD Bond ETF by 7.0% during the third quarter. Diversify Wealth Management LLC now owns 167,189 shares of the company’s stock valued at $4,506,000 after acquiring an additional 10,976 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in iShares Fallen Angels USD Bond ETF by 12.0% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 28,946 shares of the company’s stock worth $791,000 after acquiring an additional 3,097 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 3.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 35,495 shares of the company’s stock worth $970,000 after acquiring an additional 1,106 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $27.01 on Friday. The stock’s 50-day moving average is $27.13 and its 200 day moving average is $26.76. iShares Fallen Angels USD Bond ETF has a one year low of $25.30 and a one year high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.1409 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.26%. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Friday, November 1st.

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.