32,504 Shares in iShares Fallen Angels USD Bond ETF $FALN Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,504 shares of the company’s stock, valued at approximately $843,000. Oppenheimer & Co. Inc. owned 0.05% of iShares Fallen Angels USD Bond ETF as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Bank of America Corp DE grew its stake in iShares Fallen Angels USD Bond ETF by 3.5% during the first quarter. Bank of America Corp DE now owns 7,519,795 shares of the company’s stock worth $200,929,000 after purchasing an additional 252,501 shares during the period. Novem Group increased its stake in iShares Fallen Angels USD Bond ETF by 5.7% in the third quarter. Novem Group now owns 726,067 shares of the company’s stock valued at $18,827,000 after purchasing an additional 39,022 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 5.4% during the second quarter. Envestnet Asset Management Inc. now owns 398,716 shares of the company’s stock valued at $10,861,000 after purchasing an additional 20,319 shares during the period. Breakwater Capital Group boosted its position in shares of iShares Fallen Angels USD Bond ETF by 7.3% during the 2nd quarter. Breakwater Capital Group now owns 385,762 shares of the company’s stock worth $10,508,000 after purchasing an additional 26,127 shares in the last quarter. Finally, HF Advisory Group LLC grew its stake in shares of iShares Fallen Angels USD Bond ETF by 9.5% in the 3rd quarter. HF Advisory Group LLC now owns 322,026 shares of the company’s stock valued at $8,350,000 after buying an additional 27,918 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Up 0.1%

FALN stock opened at $25.79 on Wednesday. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.55 and a fifty-two week high of $27.68. The stock’s 50 day simple moving average is $26.22 and its 200 day simple moving average is $26.89.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be issued a dividend of $0.1341 per share. This is a decrease from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1471. This represents a $1.61 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Monday, November 2nd.

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.