Commonwealth Equity Services LLC cut its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Free Report) by 63.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,388 shares of the company’s stock after selling 166,747 shares during the quarter. Commonwealth Equity Services LLC owned 0.13% of iShares Fallen Angels USD Bond ETF worth $2,601,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in FALN. Wilmington Savings Fund Society FSB bought a new position in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter worth about $55,000. Oak Grove Capital LLC bought a new position in iShares Fallen Angels USD Bond ETF in the fourth quarter worth about $200,000. Cornerstone Wealth Management LLC bought a new position in iShares Fallen Angels USD Bond ETF in the fourth quarter worth about $204,000. Wrapmanager Inc. acquired a new position in iShares Fallen Angels USD Bond ETF in the fourth quarter valued at approximately $227,000. Finally, Copperleaf Capital LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter valued at approximately $229,000.
iShares Fallen Angels USD Bond ETF Trading Down 0.4 %
Shares of iShares Fallen Angels USD Bond ETF stock opened at $26.87 on Thursday. The business’s 50 day simple moving average is $26.98 and its 200-day simple moving average is $27.02. iShares Fallen Angels USD Bond ETF has a twelve month low of $25.90 and a twelve month high of $27.43.
iShares Fallen Angels USD Bond ETF Cuts Dividend
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.
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