Envestnet Portfolio Solutions Inc. Sells 46,641 Shares of iShares Fallen Angels USD Bond ETF $FALN

Envestnet Portfolio Solutions Inc. lowered its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALNFree Report) by 22.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 162,094 shares of the company’s stock after selling 46,641 shares during the period. Envestnet Portfolio Solutions Inc. owned about 0.24% of iShares Fallen Angels USD Bond ETF worth $4,399,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in FALN. Jane Street Group LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the 1st quarter worth $15,306,000. Mather Group LLC. lifted its position in shares of iShares Fallen Angels USD Bond ETF by 5.9% in the 1st quarter. Mather Group LLC. now owns 10,133,769 shares of the company’s stock worth $271,484,000 after purchasing an additional 567,034 shares during the period. Ameriprise Financial Inc. lifted its position in shares of iShares Fallen Angels USD Bond ETF by 29.9% in the 1st quarter. Ameriprise Financial Inc. now owns 2,068,827 shares of the company’s stock worth $55,448,000 after purchasing an additional 476,097 shares during the period. Independence Financial Advisors LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the 1st quarter worth about $11,952,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of iShares Fallen Angels USD Bond ETF by 16.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,507,567 shares of the company’s stock worth $67,178,000 after purchasing an additional 350,001 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Up 0.3%

NASDAQ:FALN opened at $27.59 on Thursday. The company has a 50-day moving average price of $27.44 and a 200-day moving average price of $26.85. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.82 and a 12 month high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were given a $0.1435 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 6.2%. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

About iShares Fallen Angels USD Bond ETF

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

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