Asset Allocation Strategies LLC Sells 42,940 Shares of iShares Fallen Angels USD Bond ETF $FALN

Asset Allocation Strategies LLC reduced its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 18.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,041 shares of the company’s stock after selling 42,940 shares during the period. iShares Fallen Angels USD Bond ETF makes up about 1.0% of Asset Allocation Strategies LLC’s holdings, making the stock its 26th largest holding. Asset Allocation Strategies LLC owned 0.28% of iShares Fallen Angels USD Bond ETF worth $5,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Allworth Financial LP increased its position in shares of iShares Fallen Angels USD Bond ETF by 2.6% during the second quarter. Allworth Financial LP now owns 1,281,649 shares of the company’s stock valued at $34,784,000 after buying an additional 32,272 shares during the period. Ameriprise Financial Inc. increased its holdings in iShares Fallen Angels USD Bond ETF by 29.9% during the 1st 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 lifted its stake in iShares Fallen Angels USD Bond ETF by 49.2% in the 2nd quarter. Baker Avenue Asset Management LP now owns 323,024 shares of the company’s stock worth $8,767,000 after purchasing an additional 106,505 shares in the last quarter. AE Wealth Management LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 28.4% in the 2nd quarter. AE Wealth Management LLC now owns 44,057 shares of the company’s stock worth $1,196,000 after purchasing an additional 9,743 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 32.3% in the 1st quarter. HighTower Advisors LLC now owns 10,664 shares of the company’s stock valued at $286,000 after purchasing an additional 2,606 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Down 0.2%

Shares of FALN stock opened at $27.34 on Thursday. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.82 and a 52-week high of $27.79. The business’s fifty day moving average is $27.44 and its 200 day moving average is $27.25.

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 paid a $0.1454 dividend. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Monday, December 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.