iShares Fallen Angels USD Bond ETF $FALN Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 25.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Vontobel Holding Ltd.’s holdings in iShares Fallen Angels USD Bond ETF were worth $271,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FALN. Jane Street Group LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter valued at $15,306,000. Mather Group LLC. raised its position in iShares Fallen Angels USD Bond ETF by 5.9% in the first quarter. Mather Group LLC. now owns 10,133,769 shares of the company’s stock valued at $271,484,000 after purchasing an additional 567,034 shares during the period. Ameriprise Financial Inc. raised its position in iShares Fallen Angels USD Bond ETF by 29.9% in the first quarter. Ameriprise Financial Inc. now owns 2,068,827 shares of the company’s stock valued at $55,448,000 after purchasing an additional 476,097 shares during the period. Independence Financial Advisors LLC purchased a new position in iShares Fallen Angels USD Bond ETF in the first quarter valued at about $11,952,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of iShares Fallen Angels USD Bond ETF by 16.2% in 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 in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 0.3%

FALN stock opened at $27.59 on Thursday. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.82 and a 1 year high of $27.79. The stock has a 50-day simple moving average of $27.44 and a 200-day simple moving average of $26.85.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were given a dividend of $0.1435 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

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.