Arete Wealth Advisors LLC Purchases 2,710 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Arete Wealth Advisors LLC raised its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 31.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,260 shares of the company’s stock after buying an additional 2,710 shares during the quarter. Arete Wealth Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $301,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FALN. Nomura Asset Management Co. Ltd. lifted its stake in iShares Fallen Angels USD Bond ETF by 70.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,421,084 shares of the company’s stock valued at $37,957,000 after buying an additional 589,100 shares during the period. Mather Group LLC. increased its stake in iShares Fallen Angels USD Bond ETF by 6.4% in the fourth quarter. Mather Group LLC. now owns 9,566,735 shares of the company’s stock valued at $255,528,000 after purchasing an additional 575,494 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter valued at about $6,151,000. Strategic Financial Concepts LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $5,839,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter valued at about $5,393,000.

iShares Fallen Angels USD Bond ETF Stock Down 2.2 %

FALN stock opened at $25.72 on Monday. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.38 and a fifty-two week high of $27.43. The stock’s 50 day simple moving average is $26.91 and its 200 day simple moving average is $26.99.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.1408 per share. This is a boost 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 6.57%. The ex-dividend date of this dividend was Tuesday, April 1st.

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.