iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 12.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 89,993 shares of the company’s stock after purchasing an additional 10,214 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $2,375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Financial Advisors LLC boosted its stake in iShares Fallen Angels USD Bond ETF by 0.9% in the 3rd quarter. US Financial Advisors LLC now owns 74,294 shares of the company’s stock worth $1,842,000 after purchasing an additional 655 shares during the period. Brookstone Capital Management increased its holdings in iShares Fallen Angels USD Bond ETF by 3.7% in the fourth quarter. Brookstone Capital Management now owns 27,834 shares of the company’s stock worth $735,000 after buying an additional 995 shares during the last quarter. Scotia Capital Inc. bought a new position in iShares Fallen Angels USD Bond ETF during the third quarter valued at approximately $217,000. Envestnet Portfolio Solutions Inc. lifted its stake in iShares Fallen Angels USD Bond ETF by 96.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 267,384 shares of the company’s stock valued at $7,059,000 after acquiring an additional 131,535 shares during the last quarter. Finally, Saxony Capital Management LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter worth approximately $220,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN opened at $26.47 on Friday. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.12 and a 12 month high of $26.92. The company’s fifty day moving average is $26.46 and its 200-day moving average is $26.34.

iShares Fallen Angels USD Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd were paid a $0.133 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date was Wednesday, May 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.