HighTower Advisors LLC Purchases 2,606 Shares of iShares Fallen Angels USD Bond ETF $FALN

HighTower Advisors LLC increased its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 32.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,664 shares of the company’s stock after acquiring an additional 2,606 shares during the quarter. HighTower Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 30.9% during the 1st quarter. Bank of New York Mellon Corp now owns 186,796 shares of the company’s stock worth $5,004,000 after purchasing an additional 44,128 shares during the period. Fifth Third Bancorp increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 45.1% during the 1st quarter. Fifth Third Bancorp now owns 1,785 shares of the company’s stock worth $48,000 after purchasing an additional 555 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 1.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,027 shares of the company’s stock worth $1,126,000 after purchasing an additional 552 shares during the period. Spire Wealth Management increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 70.0% during the 1st quarter. Spire Wealth Management now owns 9,123 shares of the company’s stock worth $244,000 after purchasing an additional 3,758 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter worth about $1,928,000.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ:FALN opened at $27.15 on Wednesday. The firm’s 50-day moving average is $27.08 and its 200-day moving average is $26.71. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.82 and a 52-week high of $27.43.

iShares Fallen Angels USD Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 5th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.1424 per share. The ex-dividend date is Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 6.3%.

iShares Fallen Angels USD Bond ETF 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.