Freedom Investment Management Inc. Sells 2,129 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Freedom Investment Management Inc. decreased its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 6.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,874 shares of the company’s stock after selling 2,129 shares during the period. Freedom Investment Management Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $844,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Asset Dedication LLC bought a new position in iShares Fallen Angels USD Bond ETF in the second quarter valued at $34,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter valued at about $49,000. Strategic Financial Concepts LLC lifted its position in iShares Fallen Angels USD Bond ETF by 385.1% in the 2nd quarter. Strategic Financial Concepts LLC now owns 222,350 shares of the company’s stock worth $58,000 after buying an additional 176,515 shares during the last quarter. Bell Investment Advisors Inc purchased a new stake in iShares Fallen Angels USD Bond ETF in the second quarter worth approximately $87,000. Finally, First Horizon Advisors Inc. grew its position in iShares Fallen Angels USD Bond ETF by 102.0% during the second quarter. First Horizon Advisors Inc. now owns 5,277 shares of the company’s stock valued at $138,000 after acquiring an additional 2,665 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN opened at $27.21 on Friday. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.57 and a fifty-two week high of $27.43. The firm has a 50 day moving average price of $27.11 and a 200-day moving average price of $26.81.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a $0.1409 dividend. The ex-dividend date was Friday, November 1st. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a $1.69 annualized dividend and a yield of 6.21%.

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.