152,128 Shares in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Bought by Optivise Advisory Services LLC

Optivise Advisory Services LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 152,128 shares of the company’s stock, valued at approximately $4,159,000. iShares Fallen Angels USD Bond ETF makes up approximately 2.2% of Optivise Advisory Services LLC’s portfolio, making the stock its 6th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of FALN. B. Riley Wealth Advisors Inc. increased its position in shares of iShares Fallen Angels USD Bond ETF by 20.2% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 27,316 shares of the company’s stock worth $677,000 after purchasing an additional 4,597 shares in the last quarter. Consultiva Wealth Management CORP. acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the 1st quarter worth approximately $106,000. Comerica Bank grew its position in iShares Fallen Angels USD Bond ETF by 4.4% during the 1st quarter. Comerica Bank now owns 33,285 shares of the company’s stock worth $894,000 after acquiring an additional 1,415 shares during the last quarter. Continuum Wealth Advisors LLC raised its position in iShares Fallen Angels USD Bond ETF by 2.1% in the 1st quarter. Continuum Wealth Advisors LLC now owns 259,886 shares of the company’s stock valued at $6,981,000 after purchasing an additional 5,389 shares during the last quarter. Finally, Invst LLC boosted its stake in iShares Fallen Angels USD Bond ETF by 13.5% in the first quarter. Invst LLC now owns 16,831 shares of the company’s stock worth $448,000 after purchasing an additional 2,005 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ:FALN opened at $27.02 on Friday. The business has a fifty day moving average of $27.12 and a 200-day moving average of $26.79. iShares Fallen Angels USD Bond ETF has a twelve month low of $25.50 and a twelve month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.1409 dividend. This represents a $1.69 annualized dividend and a yield of 6.26%. The ex-dividend date of this dividend was Friday, November 1st. This is a boost 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.