75,889 Shares of iShares Fallen Angels USD Bond ETF $FALN Purchased by FOCUS Wealth Advisors LLC

FOCUS Wealth Advisors LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 75,889 shares of the company’s stock, valued at approximately $1,968,000. FOCUS Wealth Advisors LLC owned 0.12% of iShares Fallen Angels USD Bond ETF at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Bank of America Corp DE lifted its position in iShares Fallen Angels USD Bond ETF by 3.5% during the first quarter. Bank of America Corp DE now owns 7,519,795 shares of the company’s stock valued at $200,929,000 after buying an additional 252,501 shares during the period. Envestnet Asset Management Inc. grew its holdings in iShares Fallen Angels USD Bond ETF by 5.4% in the second 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 period. Breakwater Capital Group grew its holdings in iShares Fallen Angels USD Bond ETF by 7.3% in the second quarter. Breakwater Capital Group now owns 385,762 shares of the company’s stock worth $10,508,000 after purchasing an additional 26,127 shares during the period. HF Advisory Group LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 9.5% during the third quarter. HF Advisory Group LLC now owns 322,026 shares of the company’s stock valued at $8,350,000 after purchasing an additional 27,918 shares in the last quarter. Finally, Ashford Capital Management Inc. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 23.0% during the first quarter. Ashford Capital Management Inc. now owns 294,018 shares of the company’s stock valued at $7,856,000 after purchasing an additional 54,980 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.3%

iShares Fallen Angels USD Bond ETF stock traded down $0.07 during mid-day trading on Wednesday, hitting $25.83. The company had a trading volume of 1,014,279 shares, compared to its average volume of 1,036,360. The stock’s 50 day moving average price is $26.58 and its two-hundred day moving average price is $26.87. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.61 and a 12 month high of $27.77.

iShares Fallen Angels USD Bond ETF Increases Dividend

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

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.