Wealthfront Advisers LLC Acquires 18,907 Shares of iShares Fallen Angels USD Bond ETF $FALN

Wealthfront Advisers LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 51.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,007 shares of the company’s stock after purchasing an additional 18,907 shares during the quarter. Wealthfront Advisers LLC owned approximately 0.08% of iShares Fallen Angels USD Bond ETF worth $1,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FALN. Geneos Wealth Management Inc. boosted its stake in iShares Fallen Angels USD Bond ETF by 6.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 37,078 shares of the company’s stock worth $991,000 after purchasing an additional 2,096 shares during the period. Sanctuary Advisors LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 48.4% during the first quarter. Sanctuary Advisors LLC now owns 25,416 shares of the company’s stock valued at $679,000 after buying an additional 8,285 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the first quarter valued at approximately $53,000. Kaizen Financial Strategies lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 6.6% in the first quarter. Kaizen Financial Strategies now owns 17,246 shares of the company’s stock worth $469,000 after buying an additional 1,064 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 4,899.2% in the first quarter. Fifth Third Bancorp now owns 61,490 shares of the company’s stock worth $1,643,000 after buying an additional 60,260 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ:FALN opened at $27.07 on Tuesday. The firm has a fifty day moving average price of $27.07 and a 200 day moving average price of $27.17. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $26.37 and a fifty-two week high of $27.79.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.141 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 6.3%.

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.