Avantax Advisory Services Inc. Raises Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Avantax Advisory Services Inc. boosted its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 16.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,620 shares of the company’s stock after buying an additional 2,480 shares during the quarter. Avantax Advisory Services Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FALN. Farther Finance Advisors LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 63.6% in the 4th quarter. Farther Finance Advisors LLC now owns 14,262 shares of the company’s stock valued at $381,000 after buying an additional 5,545 shares during the period. Independent Advisor Alliance acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $4,276,000. Mount Lucas Management LP increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 3.3% during the 4th quarter. Mount Lucas Management LP now owns 68,023 shares of the company’s stock valued at $1,817,000 after purchasing an additional 2,166 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter valued at $1,304,000. Finally, PNC Financial Services Group Inc. boosted its holdings in iShares Fallen Angels USD Bond ETF by 149.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 73,468 shares of the company’s stock worth $1,962,000 after buying an additional 44,059 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Down 0.1 %

FALN opened at $26.92 on Monday. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.90 and a fifty-two week high of $27.43. The company has a fifty day moving average of $26.97 and a two-hundred day moving average of $27.02.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1372 per share. The ex-dividend date 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.