Cerity Partners LLC Decreases Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Cerity Partners LLC cut its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.2% during the 4th quarter, HoldingsChannel reports. The firm owned 115,735 shares of the company’s stock after selling 5,030 shares during the quarter. Cerity Partners LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $3,055,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Glass Jacobson Investment Advisors llc purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the third quarter valued at approximately $27,000. New Republic Capital LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the 2nd quarter worth $29,000. Howe & Rusling Inc. lifted its holdings in iShares Fallen Angels USD Bond ETF by 151.4% in the 1st 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. boosted its position in iShares Fallen Angels USD Bond ETF by 35.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,885 shares of the company’s stock valued at $46,000 after buying an additional 492 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC boosted its position in iShares Fallen Angels USD Bond ETF by 2,729.1% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 3,112 shares of the company’s stock valued at $77,000 after buying an additional 3,002 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Up 0.2 %

Shares of NASDAQ FALN opened at $26.07 on Thursday. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.12 and a 1 year high of $26.92. The stock’s 50-day simple moving average is $26.56 and its 200-day simple moving average is $25.98.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.1692 per share. The ex-dividend date was Monday, April 1st. This represents a $2.03 annualized dividend and a yield of 7.79%.

iShares Fallen Angels USD Bond ETF Company 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.