Glassy Mountain Advisors Inc. Buys 10,837 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Glassy Mountain Advisors Inc. boosted its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,736 shares of the company’s stock after acquiring an additional 10,837 shares during the period. Glassy Mountain Advisors Inc. owned 0.17% of iShares Fallen Angels USD Bond ETF worth $3,198,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Western Financial Corp CA raised its position in shares of iShares Fallen Angels USD Bond ETF by 1.5% during the third quarter. Western Financial Corp CA now owns 25,771 shares of the company’s stock worth $705,000 after purchasing an additional 390 shares during the period. Virtue Capital Management LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 0.6% during the third 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 during the period. Kingsview Wealth Management LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 2.1% during the third quarter. Kingsview Wealth Management LLC now owns 19,733 shares of the company’s stock worth $540,000 after purchasing an additional 415 shares during the period. FOCUS Wealth Advisors LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 0.8% during the fourth quarter. FOCUS Wealth Advisors LLC now owns 67,698 shares of the company’s stock worth $1,808,000 after purchasing an additional 534 shares during the period. Finally, Atomi Financial Group Inc. raised its position in shares of iShares Fallen Angels USD Bond ETF by 7.5% during the fourth quarter. Atomi Financial Group Inc. now owns 9,835 shares of the company’s stock worth $263,000 after purchasing an additional 683 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Down 0.1 %

Shares of NASDAQ:FALN opened at $27.03 on Friday. The stock’s 50 day moving average is $26.95 and its 200-day moving average is $27.00. iShares Fallen Angels USD Bond ETF has a twelve month low of $25.90 and a twelve month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.1433 dividend. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14. The ex-dividend date was Monday, February 3rd.

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.