iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 72.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 49,817 shares of the company’s stock after selling 134,243 shares during the period. JPMorgan Chase & Co. owned about 0.07% of iShares Fallen Angels USD Bond ETF worth $1,331,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FALN. Wilmington Savings Fund Society FSB acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at $55,000. Oak Grove Capital LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter valued at approximately $200,000. Cornerstone Wealth Management LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter valued at approximately $204,000. Wrapmanager Inc. acquired a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter worth approximately $227,000. Finally, Copperleaf Capital LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $229,000.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN opened at $26.38 on Friday. The stock has a fifty day moving average of $26.51 and a 200-day moving average of $26.83. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.82 and a 12-month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were paid a $0.1408 dividend. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a $1.69 annualized dividend and a yield of 6.40%. The ex-dividend date was Tuesday, April 1st.

About iShares Fallen Angels USD Bond ETF

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.