iShares Fallen Angels USD Bond ETF $FALN Shares Acquired by Independence Financial Advisors LLC

Independence Financial Advisors LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 5.5% during the 4th quarter, HoldingsChannel reports. The fund owned 476,028 shares of the company’s stock after purchasing an additional 24,779 shares during the period. iShares Fallen Angels USD Bond ETF accounts for approximately 3.6% of Independence Financial Advisors LLC’s portfolio, making the stock its 9th biggest holding. Independence Financial Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $12,996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 2,741.1% in the third quarter. JPMorgan Chase & Co. now owns 1,304,419 shares of the company’s stock worth $36,237,000 after buying an additional 1,258,507 shares during the last quarter. Invesco Ltd. lifted its position in iShares Fallen Angels USD Bond ETF by 722.5% in the third quarter. Invesco Ltd. now owns 1,057,850 shares of the company’s stock worth $29,387,000 after purchasing an additional 929,241 shares during the period. Bank of America Corp DE lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 14.7% during the 3rd quarter. Bank of America Corp DE now owns 6,877,280 shares of the company’s stock worth $191,051,000 after acquiring an additional 883,753 shares during the period. State of Tennessee Department of Treasury boosted its holdings in iShares Fallen Angels USD Bond ETF by 20.5% during the second quarter. State of Tennessee Department of Treasury now owns 3,428,800 shares of the company’s stock valued at $93,058,000 after purchasing an additional 582,591 shares in the last quarter. Finally, Ocean Park Asset Management LLC boosted its stake in iShares Fallen Angels USD Bond ETF by 41.7% in the 3rd quarter. Ocean Park Asset Management LLC now owns 1,133,100 shares of the company’s stock valued at $31,478,000 after buying an additional 333,600 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Up 1.0%

Shares of iShares Fallen Angels USD Bond ETF stock opened at $26.72 on Wednesday. iShares Fallen Angels USD Bond ETF has a 1-year low of $24.82 and a 1-year high of $27.79. The firm’s 50-day moving average price is $27.24 and its two-hundred day moving average price is $27.39.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.1506 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 6.8%.

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.