IHT Wealth Management LLC Buys New Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

IHT Wealth Management LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 30,366 shares of the company’s stock, valued at approximately $726,000.

Several other institutional investors have also bought and sold shares of FALN. CFS Investment Advisory Services LLC lifted its position in iShares Fallen Angels USD Bond ETF by 1,407.2% during the third quarter. CFS Investment Advisory Services LLC now owns 3,409,693 shares of the company’s stock valued at $143,000 after purchasing an additional 3,183,471 shares during the last quarter. Jane Street Group LLC lifted its position in iShares Fallen Angels USD Bond ETF by 177.7% during the first quarter. Jane Street Group LLC now owns 3,791,552 shares of the company’s stock valued at $105,253,000 after purchasing an additional 2,426,217 shares during the last quarter. SCS Capital Management LLC lifted its position in iShares Fallen Angels USD Bond ETF by 29.8% during the second quarter. SCS Capital Management LLC now owns 2,481,227 shares of the company’s stock valued at $61,088,000 after purchasing an additional 569,213 shares during the last quarter. Mather Group LLC. boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 13.8% during the 3rd quarter. Mather Group LLC. now owns 4,261,312 shares of the company’s stock worth $101,845,000 after purchasing an additional 516,647 shares during the period. Finally, Ronald Blue Trust Inc. purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter worth about $11,185,000.

iShares Fallen Angels USD Bond ETF Stock Down 0.4 %

FALN stock opened at $24.69 on Friday. iShares Fallen Angels USD Bond ETF has a 12 month low of $23.41 and a 12 month high of $27.86. The company has a 50-day moving average price of $25.19 and a 200 day moving average price of $24.75.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, March 7th. Investors of record on Thursday, March 2nd were paid a dividend of $0.111 per share. The ex-dividend date was Wednesday, March 1st. This represents a $1.33 dividend on an annualized basis and a dividend yield of 5.39%.

About iShares Fallen Angels USD Bond ETF

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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.