iShares Fallen Angels USD Bond ETF $FALN Shares Sold by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC decreased its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 71.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 366,000 shares of the company’s stock after selling 928,400 shares during the quarter. iShares Fallen Angels USD Bond ETF accounts for approximately 0.6% of Angeles Investment Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Angeles Investment Advisors LLC owned 0.54% of iShares Fallen Angels USD Bond ETF worth $9,933,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in 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 buying an additional 44,128 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of iShares Fallen Angels USD Bond ETF by 90.2% in the first quarter. Allianz Asset Management GmbH now owns 124,200 shares of the company’s stock worth $3,327,000 after acquiring an additional 58,908 shares during the period. Ignite Planners LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 10.7% during the first quarter. Ignite Planners LLC now owns 120,249 shares of the company’s stock worth $3,143,000 after purchasing an additional 11,635 shares during the last quarter. Efficient Advisors LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the first quarter worth $582,000. Finally, Cetera Investment Advisers lifted its position in iShares Fallen Angels USD Bond ETF by 9.8% during the first quarter. Cetera Investment Advisers now owns 532,642 shares of the company’s stock valued at $14,269,000 after purchasing an additional 47,378 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Down 0.5%

NASDAQ:FALN opened at $27.11 on Tuesday. The firm’s fifty day moving average is $27.55 and its two-hundred day moving average is $27.10. iShares Fallen Angels USD Bond ETF has a one year low of $24.82 and a one year high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were paid a $0.1514 dividend. The ex-dividend date was Monday, November 3rd. This is a positive change 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 6.7%.

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.