iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Sold by Family Asset Management LLC

Family Asset Management LLC lowered its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 2.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 30,965 shares of the company’s stock after selling 877 shares during the period. Family Asset Management LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FALN. Envestnet Asset Management Inc. boosted its holdings in iShares Fallen Angels USD Bond ETF by 63.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,385,363 shares of the company’s stock valued at $62,974,000 after purchasing an additional 921,570 shares in the last quarter. Cetera Investment Advisers boosted its holdings in iShares Fallen Angels USD Bond ETF by 182.5% in the 1st quarter. Cetera Investment Advisers now owns 768,476 shares of the company’s stock valued at $20,641,000 after purchasing an additional 496,455 shares in the last quarter. Procyon Advisors LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the 1st quarter valued at approximately $12,111,000. Mather Group LLC. boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 6.5% during the 2nd quarter. Mather Group LLC. now owns 7,077,331 shares of the company’s stock worth $190,097,000 after acquiring an additional 432,656 shares in the last quarter. Finally, Toews Corp ADV purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter worth approximately $6,927,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ:FALN opened at $27.12 on Monday. The business’s 50 day simple moving average is $26.65 and its 200-day simple moving average is $26.53. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.12 and a 12 month high of $27.23.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.1385 per share. 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 Thursday, August 1st. This represents a $1.66 annualized dividend and a dividend yield of 6.13%.

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.