Impact Partnership Wealth LLC Boosts Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Impact Partnership Wealth LLC boosted its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 2.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 96,188 shares of the company’s stock after acquiring an additional 2,009 shares during the quarter. iShares Fallen Angels USD Bond ETF accounts for about 0.6% of Impact Partnership Wealth LLC’s portfolio, making the stock its 24th biggest holding. Impact Partnership Wealth LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $2,577,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brown Lisle Cummings Inc. purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the first quarter worth approximately $32,000. Fifth Third Bancorp lifted its holdings in iShares Fallen Angels USD Bond ETF by 45.1% in the first quarter. Fifth Third Bancorp now owns 1,785 shares of the company’s stock valued at $48,000 after acquiring an additional 555 shares during the period. Glass Jacobson Investment Advisors llc lifted its holdings in iShares Fallen Angels USD Bond ETF by 62.9% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,855 shares of the company’s stock valued at $50,000 after acquiring an additional 716 shares during the period. Olde Wealth Management LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the first quarter valued at $53,000. Finally, Orion Capital Management LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth $74,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.1%

Shares of NASDAQ:FALN traded up $0.04 during midday trading on Friday, hitting $27.00. 117,487 shares of the stock were exchanged, compared to its average volume of 939,344. The company has a 50 day moving average price of $26.73 and a 200-day moving average price of $26.67. iShares Fallen Angels USD Bond ETF has a twelve month low of $24.82 and a twelve month high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, July 7th. Shareholders of record on Tuesday, July 1st were issued a $0.1327 dividend. This represents a $1.59 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date of this dividend was Tuesday, July 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.