Parcion Private Wealth LLC Acquires New Position in iShares Fallen Angels USD Bond ETF $FALN

Parcion Private Wealth LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 97,812 shares of the company’s stock, valued at approximately $2,536,000. Parcion Private Wealth LLC owned 0.16% of iShares Fallen Angels USD Bond ETF as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Bank of America Corp DE boosted its stake 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 worth $200,929,000 after acquiring an additional 252,501 shares in the last quarter. Novem Group raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 5.7% during the third quarter. Novem Group now owns 726,067 shares of the company’s stock valued at $18,827,000 after purchasing an additional 39,022 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of 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 purchasing an additional 20,319 shares during the period. Breakwater Capital Group raised its holdings in shares of 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 purchasing an additional 26,127 shares during the period. Finally, HF Advisory Group LLC raised its holdings in shares of 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 purchasing an additional 27,918 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

FALN stock opened at $25.93 on Friday. The company’s 50-day moving average is $26.27 and its 200-day moving average is $26.91. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.55 and a 1 year high of $27.68.

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 dividend of $0.1471 per share. This is an increase 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 dividend on an annualized basis and a 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.