Fifth Third Bancorp Has $33,000 Stock Position in iShares Fallen Angels USD Bond ETF $FALN

Fifth Third Bancorp lessened its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 31.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,230 shares of the company’s stock after selling 555 shares during the period. Fifth Third Bancorp’s holdings in iShares Fallen Angels USD Bond ETF were worth $33,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in FALN. Mather Group LLC. boosted its position in shares of iShares Fallen Angels USD Bond ETF by 5.9% during the first quarter. Mather Group LLC. now owns 10,133,769 shares of the company’s stock valued at $271,484,000 after buying an additional 567,034 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of iShares Fallen Angels USD Bond ETF by 16.2% during the first quarter. Envestnet Asset Management Inc. now owns 2,507,567 shares of the company’s stock valued at $67,178,000 after buying an additional 350,001 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of iShares Fallen Angels USD Bond ETF by 29.9% during the first quarter. Ameriprise Financial Inc. now owns 2,068,827 shares of the company’s stock valued at $55,448,000 after buying an additional 476,097 shares during the last quarter. LPL Financial LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF by 4.1% during the first quarter. LPL Financial LLC now owns 2,064,761 shares of the company’s stock valued at $55,315,000 after buying an additional 80,518 shares during the last quarter. Finally, Allworth Financial LP boosted its position in shares of iShares Fallen Angels USD Bond ETF by 3.6% during the first quarter. Allworth Financial LP now owns 1,249,377 shares of the company’s stock valued at $32,846,000 after buying an additional 42,889 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.0%

Shares of iShares Fallen Angels USD Bond ETF stock opened at $27.68 on Friday. The business’s fifty day simple moving average is $27.35 and its 200 day simple moving average is $26.82. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.82 and a 12 month high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st will be given a $0.1435 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date is Wednesday, October 1st.

iShares Fallen Angels USD Bond ETF Company 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.