Envestnet Asset Management Inc. Increases Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Envestnet Asset Management Inc. boosted its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALNFree Report) by 63.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,385,363 shares of the company’s stock after acquiring an additional 921,570 shares during the period. Envestnet Asset Management Inc. owned 3.82% of iShares Fallen Angels USD Bond ETF worth $62,974,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FALN. Mather Group LLC. increased its stake in iShares Fallen Angels USD Bond ETF by 5.4% in the 4th quarter. Mather Group LLC. now owns 6,673,371 shares of the company’s stock worth $176,177,000 after acquiring an additional 341,019 shares during the last quarter. ESL Trust Services LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 0.7% in the fourth quarter. ESL Trust Services LLC now owns 1,030,491 shares of the company’s stock worth $27,205,000 after purchasing an additional 7,396 shares during the last quarter. Wright Fund Management LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the third quarter valued at approximately $24,341,000. UBS Group AG lifted 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 valued at $25,862,000 after purchasing an additional 167,472 shares during the last quarter. Finally, Baker Avenue Asset Management LP grew its stake in iShares Fallen Angels USD Bond ETF by 29.7% in the 3rd quarter. Baker Avenue Asset Management LP now owns 849,647 shares of the company’s stock worth $21,071,000 after buying an additional 194,338 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

iShares Fallen Angels USD Bond ETF stock opened at $26.35 on Tuesday. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $24.12 and a fifty-two week high of $26.92. The firm’s fifty day moving average price is $26.38 and its 200-day moving average price is $26.43.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were paid a $0.1414 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.70 dividend on an annualized basis and a dividend yield of 6.44%.

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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