Advisory Services Network LLC Sells 3,811 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Advisory Services Network LLC trimmed its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALNFree Report) by 39.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,937 shares of the company’s stock after selling 3,811 shares during the quarter. Advisory Services Network LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $157,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mather Group LLC. raised its stake in shares of iShares Fallen Angels USD Bond ETF by 5.4% during the 4th quarter. Mather Group LLC. now owns 6,673,371 shares of the company’s stock valued at $176,177,000 after purchasing an additional 341,019 shares during the period. Angeles Investment Advisors LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the third quarter worth about $26,431,000. ESL Trust Services LLC grew its position in iShares Fallen Angels USD Bond ETF by 2.1% during the third quarter. ESL Trust Services LLC now owns 1,023,095 shares of the company’s stock worth $25,373,000 after buying an additional 20,711 shares in the last quarter. Wright Fund Management LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the third quarter worth about $24,341,000. Finally, UBS Group AG grew its position in iShares Fallen Angels USD Bond ETF by 20.6% during the fourth quarter. UBS Group AG now owns 979,606 shares of the company’s stock worth $25,862,000 after buying an additional 167,472 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

iShares Fallen Angels USD Bond ETF stock opened at $26.44 on Friday. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.12 and a 52 week high of $26.92. The business has a 50-day simple moving average of $26.40 and a 200 day simple moving average of $26.40.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, June 3rd will be given a dividend of $0.1414 per share. This represents a $1.70 annualized dividend and a yield of 6.42%. The ex-dividend date of this dividend is Monday, June 3rd.

iShares Fallen Angels USD Bond ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

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