Coastline Trust Co Buys New Stake in iShares Fallen Angels USD Bond ETF $FALN

Coastline Trust Co bought a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 68,060 shares of the company’s stock, valued at approximately $1,765,000.

Other institutional investors have also recently made changes to their positions in the company. Wellington Grp LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the first quarter valued at approximately $26,000. RMG Wealth Management LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the 1st quarter valued at approximately $31,000. Beacon Financial Strategies CORP acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter worth $50,000. Y.D. More Investments Ltd acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the 1st quarter worth approximately $53,000. Finally, CoreCap Advisors LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 27.0% in the second quarter. CoreCap Advisors LLC now owns 2,359 shares of the company’s stock valued at $64,000 after purchasing an additional 501 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ FALN traded down $0.20 during trading on Thursday, reaching $25.73. The company had a trading volume of 2,232,928 shares, compared to its average volume of 1,040,580. iShares Fallen Angels USD Bond ETF has a twelve month low of $25.61 and a twelve month high of $27.77. The stock has a 50-day moving average price of $26.77 and a two-hundred day moving average price of $26.93.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.1471 per share. This represents a $1.77 dividend on an annualized basis and a yield of 6.9%. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425. The ex-dividend date of this dividend is Thursday, October 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.