iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Position Increased by Atomi Financial Group Inc.

Atomi Financial Group Inc. raised its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,835 shares of the company’s stock after purchasing an additional 683 shares during the period. Atomi Financial Group Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $263,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Private Advisor Group LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 70.6% during the third quarter. Private Advisor Group LLC now owns 17,134 shares of the company’s stock valued at $468,000 after acquiring an additional 7,092 shares during the period. HighTower Advisors LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 360.5% during the third quarter. HighTower Advisors LLC now owns 38,861 shares of the company’s stock valued at $1,065,000 after acquiring an additional 30,422 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 16.7% during the third quarter. Janney Montgomery Scott LLC now owns 48,547 shares of the company’s stock valued at $1,327,000 after acquiring an additional 6,957 shares during the period. Breakwater Capital Group boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 8.2% during the third quarter. Breakwater Capital Group now owns 293,959 shares of the company’s stock valued at $8,037,000 after acquiring an additional 22,196 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in iShares Fallen Angels USD Bond ETF in the second quarter worth about $49,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.2 %

FALN stock opened at $27.10 on Monday. The company has a 50-day simple moving average of $26.96 and a 200 day simple moving average of $26.97. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.90 and a fifty-two week high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a $0.1371 dividend. This represents a $1.64 annualized dividend and a yield of 6.07%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.