First Horizon Advisors Inc. Purchases 4,622 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

First Horizon Advisors Inc. boosted its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 87.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,899 shares of the company’s stock after acquiring an additional 4,622 shares during the quarter. First Horizon Advisors Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $271,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FALN. Asset Dedication LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter valued at about $34,000. Strategic Investment Solutions Inc. IL bought a new stake in iShares Fallen Angels USD Bond ETF during the second quarter valued at approximately $49,000. Strategic Financial Concepts LLC increased its holdings in iShares Fallen Angels USD Bond ETF by 385.1% during 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 last quarter. Bell Investment Advisors Inc bought a new position in iShares Fallen Angels USD Bond ETF in the second quarter worth approximately $87,000. Finally, Consultiva Wealth Management CORP. purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter worth $106,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN stock opened at $27.02 on Friday. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.50 and a 1 year high of $27.43. The firm has a fifty day moving average price of $27.12 and a 200-day moving average price of $26.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

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

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.