Allworth Financial LP Has $35.01 Million Holdings in iShares Fallen Angels USD Bond ETF $FALN

Allworth Financial LP cut its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 7.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,285,303 shares of the company’s stock after selling 104,184 shares during the period. Allworth Financial LP’s holdings in iShares Fallen Angels USD Bond ETF were worth $35,012,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Wellington Grp LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the first quarter worth about $26,000. Global Retirement Partners LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 73.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock worth $28,000 after acquiring an additional 428 shares in the last quarter. RMG Wealth Management LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter valued at about $31,000. Beacon Financial Strategies CORP acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter valued at about $50,000. Finally, Y.D. More Investments Ltd bought a new position in shares of iShares Fallen Angels USD Bond ETF in the 1st quarter valued at approximately $53,000.

iShares Fallen Angels USD Bond ETF Stock Down 0.2%

Shares of FALN stock traded down $0.05 during trading on Tuesday, reaching $26.76. The company had a trading volume of 2,031,908 shares, compared to its average volume of 1,071,863. The firm’s 50 day simple moving average is $27.01 and its two-hundred day simple moving average is $27.04. iShares Fallen Angels USD Bond ETF has a one year low of $26.37 and a one year high of $27.79.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a $0.1425 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Tuesday, September 1st.

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.