iShares Fallen Angels USD Bond ETF $FALN Shares Sold by World Investment Advisors

World Investment Advisors lessened its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 43.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 151,183 shares of the company’s stock after selling 117,909 shares during the quarter. World Investment Advisors owned approximately 0.22% of iShares Fallen Angels USD Bond ETF worth $4,127,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC lifted its position in iShares Fallen Angels USD Bond ETF by 73.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock worth $28,000 after buying an additional 428 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the 4th quarter valued at about $30,000. CoreCap Advisors LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 46.4% in the 4th quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock valued at $47,000 after buying an additional 547 shares during the period. Camelot Portfolios LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $55,000. Finally, Gilpin Wealth Management LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $58,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.1%

Shares of FALN stock opened at $26.92 on Tuesday. The firm’s 50-day simple moving average is $27.01 and its 200-day simple moving average is $27.23. iShares Fallen Angels USD Bond ETF has a 1-year low of $26.37 and a 1-year high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a dividend of $0.1491 per share. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. 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.

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.