Perigon Wealth Management LLC Has $1.85 Million Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Perigon Wealth Management LLC grew its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 1.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 68,451 shares of the company’s stock after purchasing an additional 730 shares during the quarter. Perigon Wealth Management LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $1,845,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new position in iShares Fallen Angels USD Bond ETF during the 2nd quarter worth $49,000. Wilmington Savings Fund Society FSB purchased a new position in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth $55,000. Outlook Wealth Advisors LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth $203,000. Cornerstone Wealth Management LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter worth $204,000. Finally, Saxony Capital Management LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth $208,000.

iShares Fallen Angels USD Bond ETF Stock Down 0.0 %

FALN opened at $27.08 on Thursday. The firm’s fifty day moving average price is $26.96 and its two-hundred day moving average price is $26.98. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.90 and a 1 year high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

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

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.