iShares Fallen Angels USD Bond ETF $FALN Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 2,741.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,304,419 shares of the company’s stock after purchasing an additional 1,258,507 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares Fallen Angels USD Bond ETF were worth $36,237,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the third quarter valued at $2,169,000. Allworth Financial LP raised its position in shares of iShares Fallen Angels USD Bond ETF by 2.6% during the 2nd quarter. Allworth Financial LP now owns 1,281,649 shares of the company’s stock worth $34,784,000 after purchasing an additional 32,272 shares during the last quarter. Orion Porfolio Solutions LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 102.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 65,320 shares of the company’s stock valued at $1,773,000 after buying an additional 33,082 shares in the last quarter. Baker Avenue Asset Management LP boosted its holdings in iShares Fallen Angels USD Bond ETF by 49.2% in the 2nd quarter. Baker Avenue Asset Management LP now owns 323,024 shares of the company’s stock worth $8,767,000 after buying an additional 106,505 shares during the last quarter. Finally, AE Wealth Management LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 28.4% in the 2nd quarter. AE Wealth Management LLC now owns 44,057 shares of the company’s stock worth $1,196,000 after buying an additional 9,743 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $27.57 on Friday. The business has a 50 day simple moving average of $27.49 and a two-hundred day simple moving average of $27.46. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.82 and a 12 month high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.1473 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.4%. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15.

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.