iShares Fallen Angels USD Bond ETF $FALN Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 505.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 168,477 shares of the company’s stock after purchasing an additional 140,661 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.25% of iShares Fallen Angels USD Bond ETF worth $4,599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Baker Avenue Asset Management LP boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 273.5% during the 4th quarter. Baker Avenue Asset Management LP now owns 729,905 shares of the company’s stock worth $19,926,000 after purchasing an additional 534,470 shares during the last quarter. IFG Advisory LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 17.5% during the 4th quarter. IFG Advisory LLC now owns 89,639 shares of the company’s stock worth $2,447,000 after purchasing an additional 13,366 shares during the last quarter. Community Bank & Trust Waco Texas acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $278,000. Box Hill Private Wealth LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter valued at approximately $392,000. Finally, Mmbg Investment Advisors CO. raised its position in shares of iShares Fallen Angels USD Bond ETF by 8.8% during the 4th quarter. Mmbg Investment Advisors CO. now owns 13,540 shares of the company’s stock valued at $370,000 after buying an additional 1,090 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Down 0.3%

FALN stock opened at $26.97 on Thursday. The firm’s 50 day moving average price is $26.99 and its 200-day moving average price is $27.23. iShares Fallen Angels USD Bond ETF has a one year low of $26.37 and a one year high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, June 1st will be given a dividend of $0.1491 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Monday, June 1st. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

iShares Fallen Angels USD Bond ETF Company 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.