Simplicity Wealth LLC Purchases 97,331 Shares of iShares Fallen Angels USD Bond ETF $FALN

Simplicity Wealth LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 211.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 143,316 shares of the company’s stock after acquiring an additional 97,331 shares during the quarter. Simplicity Wealth LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $3,716,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Grp LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the 1st quarter valued at $26,000. RMG Wealth Management LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the 1st quarter worth $31,000. Root Financial Partners LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the 3rd quarter worth $32,000. Beacon Financial Strategies CORP purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the second quarter valued at about $50,000. Finally, Y.D. More Investments Ltd purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the first quarter valued at about $53,000.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN stock opened at $25.78 on Monday. The firm’s 50-day moving average price is $26.37 and its two-hundred day moving average price is $26.82. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.55 and a 12-month high of $27.77.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.1471 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425. This represents a $1.77 annualized dividend and a dividend yield of 6.8%.

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.