Strategic Blueprint LLC Acquires New Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Strategic Blueprint LLC acquired a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the fourth quarter, Holdings Channel reports. The firm acquired 9,971 shares of the company’s stock, valued at approximately $263,000.

Other hedge funds have also added to or reduced their stakes in the company. Glass Jacobson Investment Advisors llc purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the third quarter worth about $27,000. New Republic Capital LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the second quarter worth about $29,000. Howe & Rusling Inc. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 151.4% in the first quarter. Howe & Rusling Inc. now owns 1,282 shares of the company’s stock worth $32,000 after buying an additional 772 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 35.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,885 shares of the company’s stock worth $46,000 after buying an additional 492 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 2,729.1% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 3,112 shares of the company’s stock worth $77,000 after buying an additional 3,002 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $26.40 on Friday. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.12 and a 12-month high of $26.92. The company’s 50-day moving average price is $26.58 and its 200-day moving average price is $25.95.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a $0.1692 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date of this dividend was Monday, April 1st.

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.