21,205 Shares in iShares Fallen Angels USD Bond ETF $FALN Purchased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,205 shares of the company’s stock, valued at approximately $567,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FALN. RMG Wealth Management LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the 1st quarter worth approximately $31,000. First Citizens Bank & Trust Co. increased its stake in shares of iShares Fallen Angels USD Bond ETF by 109.7% during the first quarter. First Citizens Bank & Trust Co. now owns 192,570 shares of the company’s stock valued at $5,145,000 after buying an additional 100,717 shares during the period. Insight Advisors LLC PA increased its stake in shares of iShares Fallen Angels USD Bond ETF by 2.2% during the first quarter. Insight Advisors LLC PA now owns 46,210 shares of the company’s stock valued at $1,235,000 after buying an additional 975 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 6.2% during the first quarter. PNC Financial Services Group Inc. now owns 76,294 shares of the company’s stock valued at $2,039,000 after acquiring an additional 4,475 shares in the last quarter. Finally, Scarborough Advisors LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 2.1% during the first quarter. Scarborough Advisors LLC now owns 273,741 shares of the company’s stock valued at $7,314,000 after acquiring an additional 5,719 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Up 0.3%

Shares of FALN stock opened at $26.95 on Friday. The stock has a fifty day moving average of $27.07 and a 200 day moving average of $27.15. iShares Fallen Angels USD Bond ETF has a 52 week low of $26.37 and a 52 week high of $27.79.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently disclosed 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) annualized dividend and a yield of 6.3%.

iShares Fallen Angels USD Bond ETF Company 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.