Capital Wealth Management LLC Boosts Stock Position in iShares Fallen Angels USD Bond ETF $FALN

Capital Wealth Management LLC grew its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 25.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 243,797 shares of the company’s stock after acquiring an additional 49,644 shares during the period. iShares Fallen Angels USD Bond ETF accounts for approximately 1.8% of Capital Wealth Management LLC’s holdings, making the stock its 17th largest holding. Capital Wealth Management LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $6,514,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FALN. Global Retirement Partners LLC boosted its stake in iShares Fallen Angels USD Bond ETF by 73.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock worth $28,000 after buying an additional 428 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter worth approximately $30,000. CoreCap Advisors LLC lifted its position in iShares Fallen Angels USD Bond ETF by 46.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock valued at $47,000 after purchasing an additional 547 shares during the last quarter. Camelot Portfolios LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter valued at approximately $55,000. Finally, Gilpin Wealth Management LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter valued at approximately $58,000.

iShares Fallen Angels USD Bond ETF Price Performance

NASDAQ:FALN opened at $27.16 on Wednesday. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $26.37 and a fifty-two week high of $27.79. The business has a 50 day moving average price of $27.08 and a 200-day moving average price of $27.20.

iShares Fallen Angels USD Bond ETF Increases Dividend

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