Mather Group LLC. Buys 58,228 Shares of iShares Fallen Angels USD Bond ETF $FALN

Mather Group 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 filing with the Securities and Exchange Commission (SEC). The fund purchased 58,228 shares of the company’s stock, valued at approximately $1,510,000.

A number of other institutional investors and hedge funds have also modified their holdings of FALN. Bank of America Corp DE raised 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. lifted its stake in 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 acquiring an additional 20,319 shares in the last quarter. Breakwater Capital Group boosted its position in iShares Fallen Angels USD Bond ETF by 7.3% during the 2nd quarter. Breakwater Capital Group now owns 385,762 shares of the company’s stock worth $10,508,000 after acquiring an additional 26,127 shares during the period. HF Advisory Group LLC boosted its position in iShares Fallen Angels USD Bond ETF by 9.5% during the 3rd quarter. HF Advisory Group LLC now owns 322,026 shares of the company’s stock worth $8,350,000 after acquiring an additional 27,918 shares during the period. Finally, Ashford Capital Management Inc. boosted its position in iShares Fallen Angels USD Bond ETF by 23.0% during the 1st quarter. Ashford Capital Management Inc. now owns 294,018 shares of the company’s stock worth $7,856,000 after acquiring an additional 54,980 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Down 0.5%

NASDAQ:FALN traded down $0.14 on Friday, hitting $25.68. 1,060,535 shares of the company’s stock traded hands, compared to its average volume of 1,041,607. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.61 and a 1 year high of $27.77. The firm has a 50-day moving average price of $26.51 and a 200-day moving average price of $26.86.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.1471 dividend. This represents a $1.77 dividend on an annualized basis and a dividend yield of 6.9%. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425. The ex-dividend date of this dividend was Thursday, October 1st.

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.