Procyon Advisors LLC Has $15.40 Million Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Procyon Advisors LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 563,110 shares of the company’s stock after purchasing an additional 11,417 shares during the period. iShares Fallen Angels USD Bond ETF makes up about 1.1% of Procyon Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Procyon Advisors LLC owned approximately 0.82% of iShares Fallen Angels USD Bond ETF worth $15,396,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of FALN. Asset Dedication LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the second quarter worth about $34,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the second quarter worth approximately $49,000. Strategic Financial Concepts LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 385.1% in the second quarter. Strategic Financial Concepts LLC now owns 222,350 shares of the company’s stock valued at $58,000 after buying an additional 176,515 shares during the period. Bell Investment Advisors Inc bought a new position in iShares Fallen Angels USD Bond ETF in the second quarter valued at approximately $87,000. Finally, PNC Financial Services Group Inc. grew its holdings in iShares Fallen Angels USD Bond ETF by 143.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,323 shares of the company’s stock worth $88,000 after acquiring an additional 1,957 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

FALN stock opened at $27.07 on Monday. iShares Fallen Angels USD Bond ETF has a twelve month low of $24.12 and a twelve month high of $27.43. The business’s fifty day moving average is $27.07 and its 200-day moving average is $26.66.

iShares Fallen Angels USD Bond ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.1348 per share. The ex-dividend date was Tuesday, September 3rd.

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.