First Hawaiian Bank Invests $1.89 Million in iShares Fallen Angels USD Bond ETF $FALN

First Hawaiian Bank acquired a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 70,591 shares of the company’s stock, valued at approximately $1,891,000. First Hawaiian Bank owned 0.11% of iShares Fallen Angels USD Bond ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brown Lisle Cummings Inc. acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the first quarter worth $32,000. Fifth Third Bancorp increased its stake in shares of iShares Fallen Angels USD Bond ETF by 45.1% in the first quarter. Fifth Third Bancorp now owns 1,785 shares of the company’s stock worth $48,000 after acquiring an additional 555 shares during the period. Strategic Investment Solutions Inc. IL increased its stake in shares of iShares Fallen Angels USD Bond ETF by 26.8% in the first quarter. Strategic Investment Solutions Inc. IL now owns 1,904 shares of the company’s stock worth $51,000 after acquiring an additional 403 shares during the period. Olde Wealth Management LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the first quarter worth $53,000. Finally, Anderson Financial Strategies LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the first quarter worth $55,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ FALN opened at $27.57 on Friday. The company’s fifty day moving average price is $27.14 and its 200 day moving average price is $26.74. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.82 and a 1 year high of $27.58.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, September 5th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.1424 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 6.2%.

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.