Jane Street Group LLC Cuts Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Jane Street Group LLC decreased its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 98.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,521 shares of the company’s stock after selling 472,427 shares during the quarter. Jane Street Group LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $233,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Mather Group LLC. grew its position in iShares Fallen Angels USD Bond ETF by 27.0% in the third quarter. Mather Group LLC. now owns 8,991,241 shares of the company’s stock valued at $245,821,000 after acquiring an additional 1,913,910 shares in the last quarter. Envestnet Asset Management Inc. grew its position in iShares Fallen Angels USD Bond ETF by 1.1% in the second quarter. Envestnet Asset Management Inc. now owns 2,438,047 shares of the company’s stock valued at $63,852,000 after acquiring an additional 26,058 shares in the last quarter. LPL Financial LLC grew its position in iShares Fallen Angels USD Bond ETF by 3.7% in the second quarter. LPL Financial LLC now owns 1,787,437 shares of the company’s stock valued at $46,813,000 after acquiring an additional 63,746 shares in the last quarter. Angeles Investment Advisors LLC grew its position in iShares Fallen Angels USD Bond ETF by 39.8% in the third quarter. Angeles Investment Advisors LLC now owns 1,294,400 shares of the company’s stock valued at $35,389,000 after acquiring an additional 368,400 shares in the last quarter. Finally, Allworth Financial LP grew its position in iShares Fallen Angels USD Bond ETF by 1.3% in the third quarter. Allworth Financial LP now owns 1,128,492 shares of the company’s stock valued at $30,853,000 after acquiring an additional 13,997 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Down 0.5 %

Shares of NASDAQ:FALN opened at $26.69 on Friday. iShares Fallen Angels USD Bond ETF has a 52-week low of $25.90 and a 52-week high of $27.43. The company has a 50 day moving average of $26.98 and a two-hundred day moving average of $26.92.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.1371 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date of this dividend was Wednesday, December 18th.

About iShares Fallen Angels USD Bond ETF

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.