9,348 Shares in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Purchased by Williams Financial LLC

Williams Financial LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,348 shares of the company’s stock, valued at approximately $247,000.

Several other institutional investors have also modified their holdings of the stock. Vermillion & White Wealth Management Group LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter worth about $33,000. UBS Group AG boosted its position in shares of iShares Fallen Angels USD Bond ETF by 20.6% during the fourth quarter. UBS Group AG now owns 979,606 shares of the company’s stock valued at $25,862,000 after buying an additional 167,472 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of iShares Fallen Angels USD Bond ETF by 96.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 267,384 shares of the company’s stock valued at $7,059,000 after buying an additional 131,535 shares during the last quarter. ESL Trust Services LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 0.7% in the fourth quarter. ESL Trust Services LLC now owns 1,030,491 shares of the company’s stock worth $27,205,000 after buying an additional 7,396 shares during the period. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter worth approximately $219,000.

iShares Fallen Angels USD Bond ETF Stock Performance

iShares Fallen Angels USD Bond ETF stock traded up $0.10 during mid-day trading on Friday, hitting $27.01. The company’s stock had a trading volume of 699,936 shares, compared to its average volume of 728,592. The company has a 50 day moving average of $26.50 and a 200-day moving average of $26.49. iShares Fallen Angels USD Bond ETF has a one year low of $24.12 and a one year high of $27.01.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were issued a $0.1385 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.15%.

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.