iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Stake Decreased by Stifel Financial Corp

Stifel Financial Corp reduced its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 10.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,668 shares of the company’s stock after selling 4,933 shares during the quarter. Stifel Financial Corp owned about 0.06% of iShares Fallen Angels USD Bond ETF worth $1,194,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. IHT Wealth Management LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF by 87.9% in the 3rd quarter. IHT Wealth Management LLC now owns 31,099 shares of the company’s stock valued at $849,000 after purchasing an additional 14,546 shares during the period. HighTower Advisors LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 360.5% during the 3rd quarter. HighTower Advisors LLC now owns 38,861 shares of the company’s stock valued at $1,065,000 after buying an additional 30,422 shares during the last quarter. Insight Wealth Partners LLC grew its stake in shares of iShares Fallen Angels USD Bond ETF by 5.5% in the 3rd quarter. Insight Wealth Partners LLC now owns 107,533 shares of the company’s stock valued at $2,940,000 after buying an additional 5,583 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of iShares Fallen Angels USD Bond ETF by 8.4% during the 3rd quarter. D.A. Davidson & CO. now owns 35,662 shares of the company’s stock worth $975,000 after purchasing an additional 2,754 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised 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 buying an additional 415 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Up 0.5 %

Shares of FALN opened at $26.69 on Monday. 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 simple moving average of $27.06 and a 200-day simple moving average of $26.89.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently declared 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.

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.