Absolute Capital Management LLC Purchases New Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Absolute Capital Management LLC purchased a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,055 shares of the company’s stock, valued at approximately $213,000.

A number of other large investors have also added to or reduced their stakes in the business. Private Trust Co. NA increased its position in iShares Fallen Angels USD Bond ETF by 19.6% during the 4th quarter. Private Trust Co. NA now owns 3,290 shares of the company’s stock worth $87,000 after buying an additional 540 shares during the period. US Financial Advisors LLC increased its position in iShares Fallen Angels USD Bond ETF by 0.9% during the 3rd quarter. US Financial Advisors LLC now owns 74,294 shares of the company’s stock worth $1,842,000 after buying an additional 655 shares during the period. Capital Wealth Management LLC increased its position in iShares Fallen Angels USD Bond ETF by 0.7% during the 4th quarter. Capital Wealth Management LLC now owns 141,199 shares of the company’s stock worth $3,728,000 after buying an additional 943 shares during the period. Advisors Asset Management Inc. increased its position in iShares Fallen Angels USD Bond ETF by 7.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 14,755 shares of the company’s stock worth $366,000 after buying an additional 995 shares during the period. Finally, Brookstone Capital Management increased its position in iShares Fallen Angels USD Bond ETF by 3.7% during the 4th quarter. Brookstone Capital Management now owns 27,834 shares of the company’s stock worth $735,000 after buying an additional 995 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Up 0.2 %

FALN stock opened at $26.23 on Friday. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $24.12 and a fifty-two week high of $26.92. The business’s fifty day moving average price is $26.51 and its two-hundred day moving average price is $26.07.

iShares Fallen Angels USD Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.1692 per share. This represents a $2.03 annualized dividend and a dividend yield of 7.74%. The ex-dividend date of this dividend was Monday, April 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.