Impact Partnership Wealth LLC Raises Position in iShares Fallen Angels USD Bond ETF $FALN

Impact Partnership Wealth LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 34.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 156,997 shares of the company’s stock after buying an additional 40,571 shares during the period. iShares Fallen Angels USD Bond ETF makes up about 0.5% of Impact Partnership Wealth LLC’s holdings, making the stock its 27th largest holding. Impact Partnership Wealth LLC owned 0.23% of iShares Fallen Angels USD Bond ETF worth $4,195,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FALN. Global Retirement Partners LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 73.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock valued at $28,000 after acquiring an additional 428 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth about $30,000. CoreCap Advisors LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 46.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock worth $47,000 after purchasing an additional 547 shares during the last quarter. Camelot Portfolios LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter valued at approximately $55,000. Finally, Gilpin Wealth Management LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter valued at $58,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN stock opened at $27.24 on Wednesday. The business has a 50-day moving average price of $27.08 and a two-hundred day moving average price of $27.19. iShares Fallen Angels USD Bond ETF has a 12-month low of $26.37 and a 12-month high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a dividend of $0.1491 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 6.6%. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.