Family Asset Management LLC Sells 10,043 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Family Asset Management LLC decreased its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 32.4% in the third quarter, Holdings Channel reports. The firm owned 20,922 shares of the company’s stock after selling 10,043 shares during the quarter. Family Asset Management LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $572,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. HF Advisory Group LLC lifted its position in iShares Fallen Angels USD Bond ETF by 4.8% during the third quarter. HF Advisory Group LLC now owns 159,090 shares of the company’s stock valued at $4,350,000 after purchasing an additional 7,352 shares during the period. Glassy Mountain Advisors Inc. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 2.9% during the 3rd quarter. Glassy Mountain Advisors Inc. now owns 108,899 shares of the company’s stock valued at $2,977,000 after buying an additional 3,076 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 16.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 48,547 shares of the company’s stock worth $1,327,000 after buying an additional 6,957 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 156.8% in the third quarter. Farther Finance Advisors LLC now owns 8,717 shares of the company’s stock worth $238,000 after acquiring an additional 5,322 shares during the period. Finally, Goldstone Financial Group LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the third quarter valued at $259,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.0 %

NASDAQ:FALN traded up $0.01 on Wednesday, hitting $26.91. The stock had a trading volume of 512,465 shares, compared to its average volume of 702,761. The business’s 50-day simple moving average is $27.13 and its two-hundred day simple moving average is $26.72. iShares Fallen Angels USD Bond ETF has a 52-week low of $25.00 and a 52-week high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 6th. Investors of record on Friday, November 1st will be issued a $0.1409 dividend. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.28%.

About iShares Fallen Angels USD Bond ETF

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.