Capital Wealth Management LLC Sells 1,658 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Capital Wealth Management LLC decreased its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,541 shares of the company’s stock after selling 1,658 shares during the period. iShares Fallen Angels USD Bond ETF comprises about 1.8% of Capital Wealth Management LLC’s holdings, making the stock its 17th largest holding. Capital Wealth Management LLC owned about 0.22% of iShares Fallen Angels USD Bond ETF worth $3,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in FALN. Vermillion & White Wealth Management Group LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter valued at approximately $33,000. UBS Group AG grew its position in shares of iShares Fallen Angels USD Bond ETF by 20.6% during the 4th quarter. UBS Group AG now owns 979,606 shares of the company’s stock worth $25,862,000 after buying an additional 167,472 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of iShares Fallen Angels USD Bond ETF by 96.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 267,384 shares of the company’s stock valued at $7,059,000 after acquiring an additional 131,535 shares in the last quarter. ESL Trust Services LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 0.7% during the 4th quarter. ESL Trust Services LLC now owns 1,030,491 shares of the company’s stock valued at $27,205,000 after acquiring an additional 7,396 shares during the period. Finally, ICA Group Wealth Management LLC bought a new position in iShares Fallen Angels USD Bond ETF during the fourth quarter worth $219,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.5 %

Shares of NASDAQ FALN traded up $0.12 during mid-day trading on Thursday, reaching $26.23. 276,942 shares of the company’s stock traded hands, compared to its average volume of 733,341. The business has a 50-day simple moving average of $26.38 and a 200 day simple moving average of $26.47. iShares Fallen Angels USD Bond ETF has a 1-year low of $24.12 and a 1-year high of $26.92.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be issued a dividend of $0.1379 per share. This represents a $1.65 annualized dividend and a yield of 6.31%. The ex-dividend date of this dividend is Monday, July 1st.

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.