Wealthcare Advisory Partners LLC Buys Shares of 7,628 iShares Fallen Angels USD Bond ETF $FALN

Wealthcare Advisory Partners LLC acquired a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,628 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the 1st quarter worth about $15,306,000. Mather Group LLC. lifted its position in iShares Fallen Angels USD Bond ETF by 5.9% during the 1st quarter. Mather Group LLC. now owns 10,133,769 shares of the company’s stock worth $271,484,000 after acquiring an additional 567,034 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 29.9% in the 1st quarter. Ameriprise Financial Inc. now owns 2,068,827 shares of the company’s stock valued at $55,448,000 after buying an additional 476,097 shares during the period. Independence Financial Advisors LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the 1st quarter valued at about $11,952,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 16.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,507,567 shares of the company’s stock valued at $67,178,000 after buying an additional 350,001 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN stock opened at $27.32 on Friday. The business has a 50-day simple moving average of $27.40 and a 200-day simple moving average of $26.84. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.82 and a 52-week high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were issued a $0.1435 dividend. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Wednesday, October 1st. This is a positive change 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.