Concourse Financial Group Securities Inc. Boosts Stock Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Concourse Financial Group Securities Inc. grew its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALNFree Report) by 28.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,998 shares of the company’s stock after purchasing an additional 3,501 shares during the period. Concourse Financial Group Securities Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $430,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. SouthState Corp bought a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth $30,000. Vermillion & White Wealth Management Group LLC bought a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $33,000. First Horizon Advisors Inc. increased its position in iShares Fallen Angels USD Bond ETF by 120.7% during the 4th quarter. First Horizon Advisors Inc. now owns 2,079 shares of the company’s stock valued at $55,000 after purchasing an additional 1,137 shares during the period. Private Trust Co. NA raised 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 valued at $87,000 after purchasing an additional 540 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of iShares Fallen Angels USD Bond ETF by 143.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,323 shares of the company’s stock worth $88,000 after purchasing an additional 1,957 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ:FALN opened at $26.35 on Friday. The firm has a 50 day moving average of $26.38 and a 200 day moving average of $26.47. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.12 and a 52 week high of $26.92.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were issued a $0.1379 dividend. This represents a $1.65 annualized dividend and a yield of 6.28%. The ex-dividend date was Monday, July 1st.

iShares Fallen Angels USD Bond ETF 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.

Read More

Want to see what other hedge funds are holding FALN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Fallen Angels USD Bond ETF (NASDAQ:FALNFree Report).

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

Receive News & Ratings for iShares Fallen Angels USD Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Fallen Angels USD Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.