24,294 Shares of iShares Fallen Angels USD Bond ETF $FALN Acquired by Herold Advisors Inc.

Herold Advisors Inc. purchased a new stake in 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 institutional investor purchased 24,294 shares of the company’s stock, valued at approximately $630,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FALN. Root Financial Partners LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 6.1% during the 1st quarter. Root Financial Partners LLC now owns 6,477 shares of the company’s stock valued at $173,000 after purchasing an additional 375 shares during the last quarter. Intergy Private Wealth LLC boosted its stake in iShares Fallen Angels USD Bond ETF by 5.1% in the first quarter. Intergy Private Wealth LLC now owns 9,685 shares of the company’s stock worth $259,000 after buying an additional 468 shares in the last quarter. Box Hill Private Wealth LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 4.2% in the 3rd quarter. Box Hill Private Wealth LLC now owns 12,118 shares of the company’s stock worth $314,000 after acquiring an additional 483 shares during the last quarter. Arete Wealth Advisors LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 4.4% in the 1st quarter. Arete Wealth Advisors LLC now owns 11,766 shares of the company’s stock valued at $314,000 after purchasing an additional 500 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its position in iShares Fallen Angels USD Bond ETF by 2.1% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 24,399 shares of the company’s stock worth $665,000 after purchasing an additional 500 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

iShares Fallen Angels USD Bond ETF stock traded down $0.06 during mid-day trading on Monday, hitting $25.62. The company’s stock had a trading volume of 401,171 shares, compared to its average volume of 1,038,364. The business has a 50 day moving average price of $26.51 and a 200-day moving average price of $26.86. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.61 and a 12 month high of $27.77.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a dividend of $0.1471 per share. The ex-dividend date was Thursday, October 1st. This represents a $1.77 annualized dividend and a yield of 6.9%. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425.

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.