First Citizens Bank & Trust Co. Acquires 100,717 Shares of iShares Fallen Angels USD Bond ETF $FALN

First Citizens Bank & Trust Co. lifted its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 109.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 192,570 shares of the company’s stock after purchasing an additional 100,717 shares during the period. First Citizens Bank & Trust Co. owned about 0.29% of iShares Fallen Angels USD Bond ETF worth $5,145,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Retirement Partners LLC increased its holdings in iShares Fallen Angels USD Bond ETF by 73.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock valued at $28,000 after buying an additional 428 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the fourth quarter worth $30,000. CoreCap Advisors LLC boosted its position in iShares Fallen Angels USD Bond ETF by 46.4% during the 4th quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock valued at $47,000 after acquiring an additional 547 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in iShares Fallen Angels USD Bond ETF during the 1st quarter valued at $53,000. Finally, Camelot Portfolios LLC bought a new stake in iShares Fallen Angels USD Bond ETF during the 4th quarter valued at $55,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ FALN opened at $27.03 on Wednesday. iShares Fallen Angels USD Bond ETF has a 1-year low of $26.37 and a 1-year high of $27.79. The business has a fifty day moving average price of $27.07 and a 200 day moving average price of $27.17.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a $0.141 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 6.3%.

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.