Orion Porfolio Solutions LLC Has $1.77 Million Stake in iShares Fallen Angels USD Bond ETF $FALN

Orion Porfolio Solutions LLC increased its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 102.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,320 shares of the company’s stock after acquiring an additional 33,082 shares during the quarter. Orion Porfolio Solutions LLC owned 0.10% of iShares Fallen Angels USD Bond ETF worth $1,773,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FALN. Thrivent Financial for Lutherans bought a new stake in iShares Fallen Angels USD Bond ETF in the second quarter valued at $7,592,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at about $335,000. Marex Group plc bought a new stake in iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at about $1,768,000. Hershey Financial Advisers LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the 2nd quarter worth approximately $3,752,000. Finally, State of Tennessee Department of Treasury raised its stake in iShares Fallen Angels USD Bond ETF by 20.5% during the 2nd quarter. State of Tennessee Department of Treasury now owns 3,428,800 shares of the company’s stock worth $93,058,000 after buying an additional 582,591 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $27.24 on Friday. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.82 and a 52 week high of $27.79. The stock has a 50 day moving average price of $27.44 and a two-hundred day moving average price of $27.27.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 24th. Investors of record on Friday, December 19th will be given a $0.1466 dividend. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Friday, December 19th. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15.

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.