Dorsey & Whitney Trust CO LLC Sells 12,000 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Dorsey & Whitney Trust CO LLC reduced its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 60.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,000 shares of the company’s stock after selling 12,000 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $214,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Atomi Financial Group Inc. grew its stake in shares of iShares Fallen Angels USD Bond ETF by 7.5% during the 4th quarter. Atomi Financial Group Inc. now owns 9,835 shares of the company’s stock worth $263,000 after acquiring an additional 683 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of iShares Fallen Angels USD Bond ETF by 360.5% during the 3rd quarter. HighTower Advisors LLC now owns 38,861 shares of the company’s stock worth $1,065,000 after acquiring an additional 30,422 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of iShares Fallen Angels USD Bond ETF by 16.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 48,547 shares of the company’s stock worth $1,327,000 after acquiring an additional 6,957 shares in the last quarter. Beacon Financial Advisory LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $234,000. Finally, Kingsview Wealth Management LLC grew its stake in shares of 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 worth $540,000 after acquiring an additional 415 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Down 0.4 %

Shares of FALN opened at $26.87 on Wednesday. iShares Fallen Angels USD Bond ETF has a twelve month low of $25.90 and a twelve month high of $27.43. The company has a 50 day moving average of $26.95 and a 200-day moving average of $27.04.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.1372 dividend. The ex-dividend date was Monday, March 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.