Commonwealth Equity Services LLC Buys 442,220 Shares of iShares Fallen Angels USD Bond ETF $FALN

Commonwealth Equity Services LLC purchased a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 442,220 shares of the company’s stock, valued at approximately $11,467,000.

Several other hedge funds have also bought and sold shares of the stock. Box Hill Private Wealth LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 4.2% during the 3rd quarter. Box Hill Private Wealth LLC now owns 12,118 shares of the company’s stock valued at $314,000 after purchasing an additional 483 shares during the last quarter. Arete Wealth Advisors LLC grew its position in shares of iShares Fallen Angels USD Bond ETF by 4.4% during the first quarter. Arete Wealth Advisors LLC now owns 11,766 shares of the company’s stock valued at $314,000 after purchasing an additional 500 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 2.1% in the second quarter. Dynamic Advisor Solutions LLC now owns 24,399 shares of the company’s stock worth $665,000 after purchasing an additional 500 shares during the last quarter. CoreCap Advisors LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 27.0% in the second quarter. CoreCap Advisors LLC now owns 2,359 shares of the company’s stock worth $64,000 after purchasing an additional 501 shares during the last quarter. Finally, Sherry Group Inc. increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 0.8% in the third quarter. Sherry Group Inc. now owns 80,215 shares of the company’s stock worth $2,079,000 after purchasing an additional 606 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.7%

NASDAQ:FALN opened at $25.69 on Friday. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.55 and a 12 month high of $27.68. The business’s 50-day moving average is $26.06 and its 200 day moving average is $26.84.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were issued a dividend of $0.1341 per share. The ex-dividend date was Monday, November 2nd. This represents a $1.61 annualized dividend and a yield of 6.3%. This is a drop from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1471.

About iShares Fallen Angels USD Bond ETF

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.