LexAurum Advisors LLC Purchases 33,111 Shares of iShares Fallen Angels USD Bond ETF $FALN

LexAurum Advisors LLC purchased a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 33,111 shares of the company’s stock, valued at approximately $859,000. LexAurum Advisors LLC owned about 0.05% of iShares Fallen Angels USD Bond ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of FALN. Bank of America Corp DE boosted its position in 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 purchasing an additional 252,501 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new position in iShares Fallen Angels USD Bond ETF in the 3rd quarter worth about $4,891,000. Client First Investment Management LLC acquired a new position in iShares Fallen Angels USD Bond ETF in the 2nd quarter worth about $3,790,000. ATX Financial Planning LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter worth about $2,057,000. Finally, FOCUS Wealth Advisors LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter worth about $1,968,000.

iShares Fallen Angels USD Bond ETF Stock Down 0.2%

Shares of FALN traded down $0.04 during midday trading on Monday, reaching $25.64. 416,373 shares of the stock were exchanged, compared to its average volume of 1,038,404. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.61 and a 12-month high of $27.77. The firm has a 50 day simple moving average of $26.51 and a 200-day simple moving average of $26.86.

iShares Fallen Angels USD Bond ETF Increases Dividend

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

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.