Stratos Wealth Partners LTD. Takes Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Stratos Wealth Partners LTD. purchased a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the 4th quarter, Holdings Channel.com reports. The firm purchased 230,279 shares of the company’s stock, valued at approximately $6,151,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Western Financial Corp CA grew its stake in shares of iShares Fallen Angels USD Bond ETF by 1.5% in the third quarter. Western Financial Corp CA now owns 25,771 shares of the company’s stock worth $705,000 after acquiring an additional 390 shares during the last quarter. Virtue Capital Management LLC boosted its stake in iShares Fallen Angels USD Bond ETF by 0.6% in the 3rd quarter. Virtue Capital Management LLC now owns 70,213 shares of the company’s stock worth $1,920,000 after purchasing an additional 401 shares in the last quarter. Kingsview Wealth Management LLC grew its position in iShares Fallen Angels USD Bond ETF by 2.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 19,733 shares of the company’s stock valued at $540,000 after purchasing an additional 415 shares during the last quarter. FOCUS Wealth Advisors LLC increased its stake in iShares Fallen Angels USD Bond ETF by 0.8% during the 4th quarter. FOCUS Wealth Advisors LLC now owns 67,698 shares of the company’s stock valued at $1,808,000 after purchasing an additional 534 shares in the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 7.5% in the fourth quarter. Atomi Financial Group Inc. now owns 9,835 shares of the company’s stock worth $263,000 after buying an additional 683 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 0.3 %

NASDAQ:FALN opened at $27.07 on Thursday. The company’s 50 day moving average price is $26.96 and its 200-day moving average price is $26.99. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.90 and a 52 week high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.1433 per share. This is an increase from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14. The ex-dividend date of this dividend is Monday, February 3rd.

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.