163,146 Shares in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 163,146 shares of the company’s stock, valued at approximately $4,358,000. Raymond James Financial Inc. owned about 0.22% of iShares Fallen Angels USD Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter worth approximately $55,000. Oak Grove Capital LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the fourth quarter worth about $200,000. Cornerstone Wealth Management LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth $204,000. Wrapmanager Inc. bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter worth $227,000. Finally, Copperleaf Capital LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth about $229,000.

iShares Fallen Angels USD Bond ETF Stock Down 0.4 %

Shares of FALN opened at $26.87 on Thursday. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.90 and a 12 month high of $27.43. The firm’s fifty day simple moving average is $26.98 and its two-hundred day simple moving average is $27.02.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1372 per share. The ex-dividend date of this dividend was Monday, March 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.