Petix & Botte Co Makes New $2.70 Million Investment in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Petix & Botte Co purchased a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 101,109 shares of the company’s stock, valued at approximately $2,701,000. Petix & Botte Co owned about 0.14% of iShares Fallen Angels USD Bond ETF at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter valued at $49,000. Wilmington Savings Fund Society FSB bought a new stake in iShares Fallen Angels USD Bond ETF during the third quarter valued at about $55,000. Outlook Wealth Advisors LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the third quarter worth about $203,000. Saxony Capital Management LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the third quarter worth about $208,000. Finally, Cornerstone Wealth Management LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter worth about $204,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.2 %

Shares of NASDAQ:FALN opened at $27.10 on Monday. The stock has a 50 day moving average of $26.96 and a 200 day moving average of $26.97. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.90 and a 12-month high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.1371 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.07%.

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.