151,389 Shares in iShares Fallen Angels USD Bond ETF $FALN Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 151,389 shares of the company’s stock, valued at approximately $4,206,000. Sequoia Financial Advisors LLC owned approximately 0.23% of iShares Fallen Angels USD Bond ETF at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of iShares Fallen Angels USD Bond ETF by 32.3% in the first quarter. Royal Bank of Canada now owns 301,573 shares of the company’s stock valued at $8,079,000 after acquiring an additional 73,579 shares during the period. NewEdge Advisors LLC raised its stake in iShares Fallen Angels USD Bond ETF by 13.3% in the 1st quarter. NewEdge Advisors LLC now owns 14,703 shares of the company’s stock worth $394,000 after purchasing an additional 1,728 shares in the last quarter. Farther Finance Advisors LLC raised its stake in iShares Fallen Angels USD Bond ETF by 71.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 41,462 shares of the company’s stock worth $1,125,000 after purchasing an additional 17,233 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 7.4% in the 2nd quarter. Perigon Wealth Management LLC now owns 74,826 shares of the company’s stock valued at $2,031,000 after purchasing an additional 5,165 shares during the period. Finally, Strategic Investment Solutions Inc. IL grew its position in shares of 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 in the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN opened at $27.53 on Tuesday. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.82 and a 12 month high of $27.79. The firm’s 50 day moving average is $27.39 and its 200-day moving average is $27.36.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were issued a $0.1466 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) annualized dividend and a yield of 6.4%. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15.

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.