iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Stock Position Lifted by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 50.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,000 shares of the company’s stock after buying an additional 5,000 shares during the quarter. Vontobel Holding Ltd.’s holdings in iShares Fallen Angels USD Bond ETF were worth $396,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Glass Jacobson Investment Advisors llc bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter worth approximately $27,000. Private Trust Co. NA lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 19.6% in the 4th quarter. Private Trust Co. NA now owns 3,290 shares of the company’s stock worth $87,000 after purchasing an additional 540 shares during the last quarter. Consultiva Wealth Management CORP. bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter worth approximately $98,000. Tennessee Valley Asset Management Partners bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter worth approximately $149,000. Finally, Provence Wealth Management Group bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter worth approximately $150,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ FALN opened at $26.23 on Wednesday. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.12 and a 12-month high of $26.92. The stock’s 50 day simple moving average is $26.53 and its 200 day simple moving average is $26.04.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a $0.1692 dividend. This represents a $2.03 annualized dividend and a dividend yield of 7.74%. The ex-dividend date was Monday, April 1st.

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.