iShares Fallen Angels USD Bond ETF $FALN Shares Newly Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the third quarter, Holdings Channel reports. The fund acquired 57,551 shares of the company’s stock, valued at approximately $1,492,000.

Several other large investors have also recently modified their holdings of FALN. Insight Wealth Partners LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 5.8% during the 3rd quarter. Insight Wealth Partners LLC now owns 166,181 shares of the company’s stock valued at $4,309,000 after acquiring an additional 9,183 shares during the period. Apollon Wealth Management LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the third quarter valued at approximately $217,000. Live Oak Investment Partners bought a new stake in iShares Fallen Angels USD Bond ETF in the third quarter valued at approximately $246,000. Nadler Financial Group Inc. purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the third quarter valued at approximately $264,000. Finally, Sigma Planning Corp purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the third quarter valued at approximately $236,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $25.93 on Monday. iShares Fallen Angels USD Bond ETF has a 52-week low of $25.55 and a 52-week high of $27.68. The company’s 50 day moving average price is $26.27 and its 200-day moving average price is $26.91.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be issued a dividend of $0.1341 per share. The ex-dividend date is Monday, November 2nd. This represents a $1.61 dividend on an annualized basis and a yield of 6.2%. This is a decrease from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1471.

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.