Outlook Wealth Advisors LLC Reduces Stock Position in iShares Fallen Angels USD Bond ETF $FALN

Outlook Wealth Advisors LLC cut its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 59.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,446 shares of the company’s stock after selling 36,650 shares during the period. Outlook Wealth Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $680,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of FALN. Global Retirement Partners LLC grew its stake in 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 buying an additional 428 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth $30,000. CoreCap Advisors LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 46.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock worth $47,000 after acquiring an additional 547 shares during the period. Camelot Portfolios LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter worth $55,000. Finally, Gilpin Wealth Management LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter worth $58,000.

iShares Fallen Angels USD Bond ETF Trading Down 0.1%

Shares of NASDAQ FALN opened at $27.16 on Tuesday. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $26.37 and a fifty-two week high of $27.79. The stock has a fifty day moving average of $27.07 and a 200-day moving average of $27.21.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a dividend of $0.1491 per share. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Monday, June 1st. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.