Envestnet Asset Management Inc. Sells 1,301,723 Shares of iShares Fallen Angels USD Bond ETF $FALN

Envestnet Asset Management Inc. decreased its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 83.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,987 shares of the company’s stock after selling 1,301,723 shares during the period. Envestnet Asset Management Inc. owned 0.38% of iShares Fallen Angels USD Bond ETF worth $7,000,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FALN. First Citizens Investor Services Inc. acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the third quarter worth approximately $453,000. Cornerstone Planning Group LLC raised its position in iShares Fallen Angels USD Bond ETF by 0.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 101,248 shares of the company’s stock worth $2,792,000 after purchasing an additional 457 shares during the last quarter. First Citizens Asset Management Inc. raised its position in iShares Fallen Angels USD Bond ETF by 33.9% in the 3rd quarter. First Citizens Asset Management Inc. now owns 19,309 shares of the company’s stock worth $536,000 after purchasing an additional 4,891 shares during the last quarter. Gimbal Financial acquired a new position in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth $8,442,000. Finally, Impact Partnership Wealth LLC boosted its position in iShares Fallen Angels USD Bond ETF by 83.0% in the 3rd quarter. Impact Partnership Wealth LLC now owns 125,249 shares of the company’s stock valued at $3,479,000 after buying an additional 56,823 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN stock opened at $27.65 on Friday. iShares Fallen Angels USD Bond ETF has a twelve month low of $24.82 and a twelve month high of $27.79. The business has a fifty day moving average of $27.46 and a 200-day moving average of $27.44.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1473 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.4%. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15.

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.