iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers grew its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 182.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 768,476 shares of the company’s stock after buying an additional 496,455 shares during the period. Cetera Investment Advisers owned 1.24% of iShares Fallen Angels USD Bond ETF worth $20,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in FALN. SouthState Corp purchased a new stake in iShares Fallen Angels USD Bond ETF during the fourth quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $33,000. First Horizon Advisors Inc. boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 120.7% in the 4th quarter. First Horizon Advisors Inc. now owns 2,079 shares of the company’s stock valued at $55,000 after buying an additional 1,137 shares in the last quarter. Private Trust Co. NA grew its position in shares of iShares Fallen Angels USD Bond ETF by 19.6% in the 4th quarter. Private Trust Co. NA now owns 3,290 shares of the company’s stock valued at $87,000 after buying an additional 540 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in iShares Fallen Angels USD Bond ETF by 143.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,323 shares of the company’s stock worth $88,000 after acquiring an additional 1,957 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ FALN traded down $0.09 during trading hours on Friday, hitting $26.58. The company had a trading volume of 651,414 shares, compared to its average volume of 720,502. The business has a 50 day moving average of $26.44 and a 200-day moving average of $26.49. iShares Fallen Angels USD Bond ETF has a 1-year low of $24.12 and a 1-year high of $26.92.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, August 6th. Investors of record on Thursday, August 1st will be paid a dividend of $0.1385 per share. This represents a $1.66 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date of this dividend is Thursday, August 1st. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

iShares Fallen Angels USD Bond ETF 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.