ESL Trust Services LLC Purchases 130,297 Shares of iShares Fallen Angels USD Bond ETF $FALN

ESL Trust Services LLC lifted its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 11.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,248,458 shares of the company’s stock after acquiring an additional 130,297 shares during the period. iShares Fallen Angels USD Bond ETF makes up approximately 6.5% of ESL Trust Services LLC’s holdings, making the stock its 7th biggest holding. ESL Trust Services LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $34,083,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FALN. Global Retirement Partners LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 73.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock valued at $28,000 after acquiring an additional 428 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter valued at approximately $30,000. CoreCap Advisors LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 46.4% in the 4th quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock valued at $47,000 after acquiring an additional 547 shares during the period. Camelot Portfolios LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter valued at approximately $55,000. Finally, BNP Paribas Financial Markets raised its position in shares of iShares Fallen Angels USD Bond ETF by 8,036.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,092 shares of the company’s stock valued at $86,000 after acquiring an additional 3,054 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Down 0.6%

Shares of NASDAQ:FALN opened at $27.04 on Tuesday. The firm’s 50 day simple moving average is $26.97 and its 200 day simple moving average is $27.24. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $26.36 and a fifty-two week high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, June 1st will be given a $0.1491 dividend. The ex-dividend date is Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.