Steward Partners Investment Advisory LLC Cuts Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Steward Partners Investment Advisory LLC lessened its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,899 shares of the company’s stock after selling 454 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $238,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FALN. Janney Montgomery Scott LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 16.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 48,547 shares of the company’s stock valued at $1,327,000 after purchasing an additional 6,957 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 53.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 602,539 shares of the company’s stock valued at $16,473,000 after purchasing an additional 208,699 shares in the last quarter. Valley Wealth Managers Inc. increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 3.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 29,940 shares of the company’s stock valued at $819,000 after purchasing an additional 1,092 shares in the last quarter. Mount Lucas Management LP increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 4.0% in the 3rd quarter. Mount Lucas Management LP now owns 65,857 shares of the company’s stock valued at $1,801,000 after purchasing an additional 2,535 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 87.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 9,899 shares of the company’s stock valued at $271,000 after purchasing an additional 4,622 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ FALN opened at $26.83 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’s 50-day moving average price is $26.96 and its 200 day moving average price is $27.03.

iShares Fallen Angels USD Bond ETF Cuts Dividend

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

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.