World Investment Advisors Has $5.82 Million Stock Position in iShares Fallen Angels USD Bond ETF $FALN

World Investment Advisors lifted its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 117.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 214,404 shares of the company’s stock after acquiring an additional 115,866 shares during the quarter. World Investment Advisors owned approximately 0.32% of iShares Fallen Angels USD Bond ETF worth $5,819,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Glassy Mountain Advisors Inc. increased its position in shares of iShares Fallen Angels USD Bond ETF by 0.3% in the first quarter. Glassy Mountain Advisors Inc. now owns 120,139 shares of the company’s stock valued at $3,219,000 after acquiring an additional 403 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its holdings in iShares Fallen Angels USD Bond ETF by 26.8% during the first quarter. Strategic Investment Solutions Inc. IL now owns 1,904 shares of the company’s stock worth $51,000 after purchasing an additional 403 shares during the period. Forte Asset Management LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 0.6% during the second quarter. Forte Asset Management LLC now owns 78,481 shares of the company’s stock worth $2,130,000 after purchasing an additional 481 shares during the period. Compound Planning Inc. grew its holdings in iShares Fallen Angels USD Bond ETF by 4.9% during the first quarter. Compound Planning Inc. now owns 10,318 shares of the company’s stock worth $276,000 after purchasing an additional 483 shares during the period. Finally, Wolff Wiese Magana LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 86.9% during the second quarter. Wolff Wiese Magana LLC now owns 1,125 shares of the company’s stock worth $31,000 after purchasing an additional 523 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Down 0.3%

iShares Fallen Angels USD Bond ETF stock opened at $27.65 on Thursday. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.82 and a 52 week high of $27.79. The stock has a 50-day simple moving average of $27.54 and a 200 day simple moving average of $26.98.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were issued a dividend of $0.1435 per share. The ex-dividend date was Wednesday, October 1st. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a yield of 6.2%.

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.