Municipal Employees Retirement System of Michigan Has $99.84 Million Stock Holdings in iShares Fallen Angels USD Bond ETF $FALN

Municipal Employees Retirement System of Michigan raised its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,657,064 shares of the company’s stock after acquiring an additional 180,505 shares during the quarter. iShares Fallen Angels USD Bond ETF comprises approximately 1.1% of Municipal Employees Retirement System of Michigan’s holdings, making the stock its 18th largest position. Municipal Employees Retirement System of Michigan owned about 0.05% of iShares Fallen Angels USD Bond ETF worth $99,838,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FALN. Royal Bank of Canada lifted its stake in iShares Fallen Angels USD Bond ETF by 32.3% in the first quarter. Royal Bank of Canada now owns 301,573 shares of the company’s stock valued at $8,079,000 after acquiring an additional 73,579 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 13.3% in the first quarter. NewEdge Advisors LLC now owns 14,703 shares of the company’s stock worth $394,000 after buying an additional 1,728 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 2.8% in the second quarter. JPMorgan Chase & Co. now owns 45,912 shares of the company’s stock worth $1,246,000 after buying an additional 1,269 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the second quarter worth $255,000. Finally, Diversify Wealth Management LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 3.0% in the second quarter. Diversify Wealth Management LLC now owns 124,852 shares of the company’s stock worth $3,382,000 after buying an additional 3,603 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $27.02 on Friday. The firm has a fifty day simple moving average of $26.93 and a 200-day simple moving average of $27.25. iShares Fallen Angels USD Bond ETF has a 1-year low of $26.26 and a 1-year high of $27.79.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were issued a $0.1516 dividend. The ex-dividend date of this dividend was Friday, May 1st.

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.