Family Asset Management LLC decreased its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Free Report) 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
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.
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Want to see what other hedge funds are holding FALN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Free Report).
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