Valley Wealth Managers Inc. Buys 1,092 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Valley Wealth Managers Inc. grew its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 3.8% in the 3rd quarter, Holdings Channel reports. The firm owned 29,940 shares of the company’s stock after purchasing an additional 1,092 shares during the period. Valley Wealth Managers Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $819,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mather Group LLC. raised its stake in iShares Fallen Angels USD Bond ETF by 27.0% in the third quarter. Mather Group LLC. now owns 8,991,241 shares of the company’s stock worth $245,821,000 after buying an additional 1,913,910 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 182.5% during the 1st quarter. Cetera Investment Advisers now owns 768,476 shares of the company’s stock worth $20,641,000 after acquiring an additional 496,455 shares during the period. Angeles Investment Advisors LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 39.8% in the 3rd quarter. Angeles Investment Advisors LLC now owns 1,294,400 shares of the company’s stock worth $35,389,000 after acquiring an additional 368,400 shares in the last quarter. Toews Corp ADV purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at approximately $6,927,000. Finally, OneDigital Investment Advisors LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF by 53.0% during the third quarter. OneDigital Investment Advisors LLC now owns 602,539 shares of the company’s stock valued at $16,473,000 after purchasing an additional 208,699 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN stock opened at $27.01 on Friday. The business’s fifty day moving average is $27.13 and its 200 day moving average is $26.76. iShares Fallen Angels USD Bond ETF has a twelve month low of $25.33 and a twelve month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a $0.1409 dividend. The ex-dividend date was Friday, November 1st. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.26%.

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.