29,754 Shares in iShares Fallen Angels USD Bond ETF $FALN Purchased by VectorGlobal IAG Inc.

VectorGlobal IAG Inc. bought a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,754 shares of the company’s stock, valued at approximately $795,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wellington Grp LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the first quarter valued at approximately $26,000. Global Retirement Partners LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 73.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock worth $28,000 after purchasing an additional 428 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter worth approximately $30,000. RMG Wealth Management LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 1st quarter worth approximately $31,000. Finally, 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 purchasing an additional 547 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ:FALN opened at $26.92 on Monday. The business has a 50 day simple moving average of $27.07 and a 200 day simple moving average of $27.14. iShares Fallen Angels USD Bond ETF has a 12-month low of $26.37 and a 12-month high of $27.79.

iShares Fallen Angels USD Bond ETF Cuts Dividend

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

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.