27,216 Shares of iShares Fallen Angels USD Bond ETF $FALN Bought by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC bought a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 27,216 shares of the company’s stock, valued at approximately $706,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parcion Private Wealth LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the third quarter worth about $2,536,000. D.A. Davidson & CO. purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the third quarter valued at approximately $1,094,000. Capital Wealth Management LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the third quarter worth approximately $6,788,000. Ashton Thomas Securities LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the third quarter worth approximately $2,171,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in iShares Fallen Angels USD Bond ETF during the third quarter worth approximately $843,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.1%

FALN stock opened at $25.93 on Friday. The company has a 50 day moving average price of $26.27 and a two-hundred day moving average price of $26.91. iShares Fallen Angels USD Bond ETF has a one year low of $25.55 and a one year high of $27.68.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.1471 per share. This represents a $1.77 annualized dividend and a dividend yield of 6.8%. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425. The ex-dividend date was 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.