Baker Avenue Asset Management LP Has $8.77 Million Position in iShares Fallen Angels USD Bond ETF $FALN

Baker Avenue Asset Management LP grew its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 49.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 323,024 shares of the company’s stock after acquiring an additional 106,505 shares during the period. Baker Avenue Asset Management LP owned 0.48% of iShares Fallen Angels USD Bond ETF worth $8,767,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Wolff Wiese Magana LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 86.9% in the second quarter. Wolff Wiese Magana LLC now owns 1,125 shares of the company’s stock valued at $31,000 after buying an additional 523 shares during the period. Anderson Financial Strategies LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the first quarter valued at approximately $55,000. Private Trust Co. NA increased its position in iShares Fallen Angels USD Bond ETF by 41.0% during the 2nd quarter. Private Trust Co. NA now owns 3,101 shares of the company’s stock valued at $84,000 after purchasing an additional 901 shares during the period. Strategic Investment Solutions Inc. IL raised its holdings in iShares Fallen Angels USD Bond ETF by 82.4% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 3,472 shares of the company’s stock worth $94,000 after purchasing an additional 1,568 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in iShares Fallen Angels USD Bond ETF during the 2nd quarter worth approximately $122,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $27.47 on Monday. The stock’s 50-day moving average is $27.49 and its 200 day moving average is $27.21. 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 Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were issued a $0.1454 dividend. The ex-dividend date was Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 6.3%.

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.