iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Purchased by Continuum Wealth Advisors LLC

Continuum Wealth Advisors LLC raised its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,433 shares of the company’s stock after purchasing an additional 6,502 shares during the quarter. iShares Fallen Angels USD Bond ETF comprises about 2.3% of Continuum Wealth Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Continuum Wealth Advisors LLC owned 0.23% of iShares Fallen Angels USD Bond ETF worth $4,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Private Advisor Group LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 70.6% in the third quarter. Private Advisor Group LLC now owns 17,134 shares of the company’s stock valued at $468,000 after purchasing an additional 7,092 shares during the last quarter. PFG Investments LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter worth about $377,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 3.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 35,495 shares of the company’s stock worth $970,000 after buying an additional 1,106 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of iShares Fallen Angels USD Bond ETF by 12.0% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 28,946 shares of the company’s stock worth $791,000 after buying an additional 3,097 shares during the last quarter. Finally, Diversify Wealth Management LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 7.0% in the 3rd quarter. Diversify Wealth Management LLC now owns 167,189 shares of the company’s stock worth $4,506,000 after buying an additional 10,976 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN stock opened at $26.93 on Tuesday. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.90 and a 1 year high of $27.43. The stock’s fifty day moving average is $26.90 and its two-hundred day moving average is $27.03.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a $0.1433 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from iShares Fallen Angels USD Bond ETF’s previous 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.