iShares Fallen Angels USD Bond ETF $FALN Position Increased by HF Advisory Group LLC

HF Advisory Group LLC increased its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 9.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 294,108 shares of the company’s stock after acquiring an additional 25,308 shares during the quarter. iShares Fallen Angels USD Bond ETF makes up 2.5% of HF Advisory Group LLC’s portfolio, making the stock its 2nd biggest position. HF Advisory Group LLC owned 0.49% of iShares Fallen Angels USD Bond ETF worth $8,012,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Grp LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the 1st quarter valued at approximately $26,000. Global Retirement Partners LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 73.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock valued at $28,000 after purchasing an additional 428 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter valued at approximately $30,000. RMG Wealth Management LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter valued at approximately $31,000. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the second quarter worth approximately $50,000.

iShares Fallen Angels USD Bond ETF Price Performance

FALN stock opened at $26.99 on Friday. The firm has a 50 day simple moving average of $27.06 and a 200-day simple moving average of $27.12. iShares Fallen Angels USD Bond ETF has a twelve month low of $26.37 and a twelve month high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.1481 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) annualized dividend and a yield of 6.6%. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.