iShares Fallen Angels USD Bond ETF $FALN is HF Advisory Group LLC’s 3rd Largest Position

HF Advisory Group LLC increased its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 245,583 shares of the company’s stock after acquiring an additional 20,880 shares during the period. iShares Fallen Angels USD Bond ETF makes up approximately 2.2% of HF Advisory Group LLC’s investment portfolio, making the stock its 3rd biggest position. HF Advisory Group LLC owned 0.36% of iShares Fallen Angels USD Bond ETF worth $6,704,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in iShares Fallen Angels USD Bond ETF by 14.7% in the third quarter. Bank of America Corp DE now owns 6,877,280 shares of the company’s stock worth $191,051,000 after acquiring an additional 883,753 shares in the last quarter. State of Tennessee Department of Treasury grew its position in iShares Fallen Angels USD Bond ETF by 20.5% in the second quarter. State of Tennessee Department of Treasury now owns 3,428,800 shares of the company’s stock worth $93,058,000 after acquiring an additional 582,591 shares in the last quarter. Allworth Financial LP grew its position in iShares Fallen Angels USD Bond ETF by 4.0% in the third quarter. Allworth Financial LP now owns 1,332,768 shares of the company’s stock worth $37,024,000 after acquiring an additional 51,119 shares in the last quarter. JPMorgan Chase & Co. grew its position in iShares Fallen Angels USD Bond ETF by 2,741.1% in the third quarter. JPMorgan Chase & Co. now owns 1,304,419 shares of the company’s stock worth $36,237,000 after acquiring an additional 1,258,507 shares in the last quarter. Finally, Ocean Park Asset Management LLC grew its position in iShares Fallen Angels USD Bond ETF by 41.7% in the third quarter. Ocean Park Asset Management LLC now owns 1,133,100 shares of the company’s stock worth $31,478,000 after acquiring an additional 333,600 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.3%

FALN opened at $27.03 on Friday. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.41 and a 12 month high of $27.79. The stock has a 50-day moving average of $27.13 and a 200 day moving average of $27.35.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.142 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Wednesday, April 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.