Ashford Capital Management Inc. Grows Stock Position in iShares Fallen Angels USD Bond ETF $FALN

Ashford Capital Management Inc. grew its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 23.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 294,018 shares of the company’s stock after buying an additional 54,980 shares during the period. Ashford Capital Management Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $7,856,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in FALN. Global Retirement Partners LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 73.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock worth $28,000 after purchasing an additional 428 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter valued at $30,000. RMG Wealth Management LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the 1st quarter worth about $31,000. CoreCap Advisors LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 46.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock worth $47,000 after purchasing an additional 547 shares in the last quarter. Finally, Y.D. More Investments Ltd acquired a new stake in iShares Fallen Angels USD Bond ETF during the 1st quarter worth approximately $53,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.1%

NASDAQ:FALN opened at $26.89 on Tuesday. iShares Fallen Angels USD Bond ETF has a 12-month low of $26.37 and a 12-month high of $27.79. The stock has a fifty day moving average price of $27.07 and a 200 day moving average price of $27.16.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.141 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 6.3%.

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.