Independence Financial Advisors LLC Boosts Stake in iShares Fallen Angels USD Bond ETF $FALN

Independence Financial Advisors LLC increased its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 8.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 278,978 shares of the company’s stock after purchasing an additional 22,023 shares during the period. iShares Fallen Angels USD Bond ETF makes up 1.8% of Independence Financial Advisors LLC’s portfolio, making the stock its 20th biggest position. Independence Financial Advisors LLC owned about 0.46% of iShares Fallen Angels USD Bond ETF worth $7,234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CoreCap Advisors LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter worth approximately $72,000. Box Hill Private Wealth LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 4.2% in the 3rd quarter. Box Hill Private Wealth LLC now owns 12,118 shares of the company’s stock valued at $314,000 after purchasing an additional 483 shares in the last quarter. Coastline Trust Co acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at $1,765,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 9.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 132,057 shares of the company’s stock worth $3,597,000 after purchasing an additional 11,533 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 5.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 398,716 shares of the company’s stock worth $10,861,000 after purchasing an additional 20,319 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 0.0%

FALN stock traded up $0.01 during trading on Thursday, hitting $25.88. 891,551 shares of the stock traded hands, compared to its average volume of 1,043,517. iShares Fallen Angels USD Bond ETF has a one year low of $25.61 and a one year high of $27.77. The company has a 50 day simple moving average of $26.66 and a 200 day simple moving average of $26.89.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a $0.1471 dividend. This represents a $1.77 dividend on an annualized basis and a dividend yield of 6.8%. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425. The ex-dividend date was Thursday, October 1st.

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.