Fmr LLC Sells 796 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Fmr LLC cut its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,880 shares of the company’s stock after selling 796 shares during the period. Fmr LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $188,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. D.A. Davidson & CO. increased its stake in shares of iShares Fallen Angels USD Bond ETF by 8.4% in the 3rd quarter. D.A. Davidson & CO. now owns 35,662 shares of the company’s stock valued at $975,000 after acquiring an additional 2,754 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 2.1% during the third quarter. Kingsview Wealth Management LLC now owns 19,733 shares of the company’s stock valued at $540,000 after purchasing an additional 415 shares during the period. Optivise Advisory Services LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the third quarter valued at approximately $4,159,000. Great Valley Advisor Group Inc. raised its holdings in iShares Fallen Angels USD Bond ETF by 21.7% in the third quarter. Great Valley Advisor Group Inc. now owns 164,535 shares of the company’s stock worth $4,498,000 after purchasing an additional 29,368 shares during the period. Finally, Icon Wealth Advisors LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF by 129.5% during the third quarter. Icon Wealth Advisors LLC now owns 18,054 shares of the company’s stock worth $494,000 after purchasing an additional 10,187 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN stock opened at $26.69 on Friday. The firm has a fifty day moving average of $27.06 and a 200-day moving average of $26.88. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.90 and a 12-month high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, December 18th will be paid a $0.1371 dividend. This represents a $1.64 annualized dividend and a yield of 6.16%. The ex-dividend date of this dividend is Wednesday, December 18th.

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.