Farther Finance Advisors LLC Purchases 5,545 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Farther Finance Advisors LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 63.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,262 shares of the company’s stock after buying an additional 5,545 shares during the quarter. Farther Finance Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $381,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Independent Advisor Alliance bought a new stake in iShares Fallen Angels USD Bond ETF during the fourth quarter valued at about $4,276,000. Mount Lucas Management LP boosted its position in iShares Fallen Angels USD Bond ETF by 3.3% during the fourth quarter. Mount Lucas Management LP now owns 68,023 shares of the company’s stock valued at $1,817,000 after purchasing an additional 2,166 shares in the last quarter. Rialto Wealth Management LLC bought a new stake in iShares Fallen Angels USD Bond ETF during the fourth quarter valued at about $1,304,000. PNC Financial Services Group Inc. boosted its position in iShares Fallen Angels USD Bond ETF by 149.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 73,468 shares of the company’s stock valued at $1,962,000 after purchasing an additional 44,059 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in iShares Fallen Angels USD Bond ETF by 20.6% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 34,901 shares of the company’s stock valued at $932,000 after purchasing an additional 5,955 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Up 0.2 %

Shares of FALN stock opened at $26.89 on Tuesday. iShares Fallen Angels USD Bond ETF has a 1-year low of $25.90 and a 1-year high of $27.43. The stock’s 50-day moving average is $26.96 and its 200 day moving average is $27.03.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.1372 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.