LGT Financial Advisors LLC Sells 1,745 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

LGT Financial Advisors LLC lowered its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 50.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,737 shares of the company’s stock after selling 1,745 shares during the period. LGT Financial Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $47,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its position in iShares Fallen Angels USD Bond ETF by 70.6% in the 3rd quarter. Private Advisor Group LLC now owns 17,134 shares of the company’s stock worth $468,000 after buying an additional 7,092 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 2nd quarter worth approximately $49,000. Breakwater Capital Group boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 8.2% in the 3rd quarter. Breakwater Capital Group now owns 293,959 shares of the company’s stock valued at $8,037,000 after purchasing an additional 22,196 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 182.5% during 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 during the last quarter. Finally, Comerica Bank raised its position in iShares Fallen Angels USD Bond ETF by 4.4% in the 1st quarter. Comerica Bank now owns 33,285 shares of the company’s stock worth $894,000 after purchasing an additional 1,415 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

iShares Fallen Angels USD Bond ETF stock opened at $26.99 on Thursday. The firm has a fifty day simple moving average of $27.12 and a two-hundred day simple moving average of $26.73. iShares Fallen Angels USD Bond ETF has a twelve month low of $25.00 and a twelve month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a $0.1409 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date of this dividend was Friday, November 1st. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.