iShares Fallen Angels USD Bond ETF $FALN Stock: Liberty Atlantic Advisors LLC Boosts Stake

Liberty Atlantic Advisors LLC boosted its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 16.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,314 shares of the company’s stock after purchasing an additional 25,344 shares during the quarter. iShares Fallen Angels USD Bond ETF makes up approximately 3.0% of Liberty Atlantic Advisors LLC’s holdings, making the stock its 10th biggest position. Liberty Atlantic Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $4,676,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of iShares Fallen Angels USD Bond ETF by 3.5% during the first quarter. Bank of America Corp DE now owns 7,519,795 shares of the company’s stock valued at $200,929,000 after buying an additional 252,501 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in iShares Fallen Angels USD Bond ETF by 5.4% during the second quarter. Envestnet Asset Management Inc. now owns 398,716 shares of the company’s stock valued at $10,861,000 after acquiring an additional 20,319 shares in the last quarter. Breakwater Capital Group grew its stake in iShares Fallen Angels USD Bond ETF by 7.3% during the second quarter. Breakwater Capital Group now owns 385,762 shares of the company’s stock valued at $10,508,000 after acquiring an additional 26,127 shares in the last quarter. HF Advisory Group LLC grew its stake in iShares Fallen Angels USD Bond ETF by 9.5% during the third quarter. HF Advisory Group LLC now owns 322,026 shares of the company’s stock valued at $8,350,000 after acquiring an additional 27,918 shares in the last quarter. Finally, Ashford Capital Management Inc. grew its stake in iShares Fallen Angels USD Bond ETF by 23.0% during the first quarter. Ashford Capital Management Inc. now owns 294,018 shares of the company’s stock valued at $7,856,000 after acquiring an additional 54,980 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.2%

Shares of NASDAQ FALN opened at $25.90 on Wednesday. The firm’s fifty day moving average is $26.58 and its two-hundred day moving average is $26.87. iShares Fallen Angels USD Bond ETF has a 52-week low of $25.61 and a 52-week high of $27.77.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.1471 per share. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.77 annualized dividend and a dividend 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.