Hershey Financial Advisers LLC Invests $3.75 Million in iShares Fallen Angels USD Bond ETF $FALN

Hershey Financial Advisers LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 138,261 shares of the company’s stock, valued at approximately $3,752,000. iShares Fallen Angels USD Bond ETF accounts for approximately 3.4% of Hershey Financial Advisers LLC’s portfolio, making the stock its 8th biggest position. Hershey Financial Advisers LLC owned approximately 0.20% of iShares Fallen Angels USD Bond ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in iShares Fallen Angels USD Bond ETF by 2.6% in the 2nd quarter. Allworth Financial LP now owns 1,281,649 shares of the company’s stock worth $34,784,000 after buying an additional 32,272 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of 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 worth $55,448,000 after acquiring an additional 476,097 shares during the period. Baker Avenue Asset Management LP boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 49.2% in the second quarter. Baker Avenue Asset Management LP now owns 323,024 shares of the company’s stock worth $8,767,000 after acquiring an additional 106,505 shares during the period. HighTower Advisors LLC grew its position in shares of iShares Fallen Angels USD Bond ETF by 32.3% during the first quarter. HighTower Advisors LLC now owns 10,664 shares of the company’s stock worth $286,000 after purchasing an additional 2,606 shares in the last quarter. Finally, AE Wealth Management LLC raised its stake in iShares Fallen Angels USD Bond ETF by 28.4% during the 2nd quarter. AE Wealth Management LLC now owns 44,057 shares of the company’s stock valued at $1,196,000 after purchasing an additional 9,743 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

NASDAQ FALN opened at $27.39 on Friday. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.82 and a 12 month high of $27.79. The stock’s 50 day moving average is $27.46 and its 200 day moving average is $27.24.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, December 1st were given a dividend of $0.1454 per share. The ex-dividend date was Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

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.