HF Advisory Group LLC Raises Stake in iShares Fallen Angels USD Bond ETF $FALN

HF Advisory Group LLC boosted its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 31.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 295,873 shares of the company’s stock after purchasing an additional 71,170 shares during the quarter. HF Advisory Group LLC owned about 0.44% of iShares Fallen Angels USD Bond ETF worth $8,077,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CoreCap Advisors LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF by 72.4% in the 3rd quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock worth $33,000 after purchasing an additional 495 shares in the last quarter. Golden State Wealth Management LLC increased its position in iShares Fallen Angels USD Bond ETF by 94.2% during the 3rd quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock valued at $40,000 after buying an additional 693 shares in the last quarter. BNP Paribas Financial Markets raised its stake in iShares Fallen Angels USD Bond ETF by 8,036.8% during the third quarter. BNP Paribas Financial Markets now owns 3,092 shares of the company’s stock valued at $86,000 after buying an additional 3,054 shares during the last quarter. Orion Capital Management LLC raised its stake in iShares Fallen Angels USD Bond ETF by 9.6% during the third quarter. Orion Capital Management LLC now owns 5,480 shares of the company’s stock valued at $152,000 after buying an additional 480 shares during the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the third quarter worth $196,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ:FALN opened at $26.73 on Thursday. The business has a fifty day moving average price of $27.22 and a 200-day moving average price of $27.39. iShares Fallen Angels USD Bond ETF has a 1-year low of $24.82 and a 1-year high of $27.79.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st will be paid a $0.142 dividend. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Wednesday, April 1st.

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.