Insight Advisors LLC PA Purchases New Shares in iShares Fallen Angels USD Bond ETF $FALN

Insight Advisors LLC PA purchased a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 50,217 shares of the company’s stock, valued at approximately $1,302,000.

Several other institutional investors have also added to or reduced their stakes in FALN. Bank of America Corp DE grew its holdings in iShares Fallen Angels USD Bond ETF by 3.5% in the 1st quarter. Bank of America Corp DE now owns 7,519,795 shares of the company’s stock valued at $200,929,000 after buying an additional 252,501 shares in the last quarter. First Citizens Bank & Trust Co. bought a new position in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth $4,891,000. Commonwealth Financial Services LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the third quarter worth $4,259,000. Client First Investment Management LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the second quarter worth $3,790,000. Finally, ATX Financial Planning LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the first quarter worth $2,057,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $25.78 on Friday. The firm has a 50-day moving average of $26.40 and a 200-day moving average of $26.83. iShares Fallen Angels USD Bond ETF has a 52-week low of $25.55 and a 52-week high of $27.77.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.1471 per share. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425. This represents a $1.77 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Thursday, October 1st.

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.