JPMorgan Chase & Co. Has $36.24 Million Stock Holdings in iShares Fallen Angels USD Bond ETF $FALN

JPMorgan Chase & Co. raised its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 2,741.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,304,419 shares of the company’s stock after buying an additional 1,258,507 shares during the period. JPMorgan Chase & Co. owned about 1.97% of iShares Fallen Angels USD Bond ETF worth $36,237,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 4.0% during the third quarter. Allworth Financial LP now owns 1,332,768 shares of the company’s stock valued at $37,024,000 after acquiring an additional 51,119 shares during the period. Petix & Botte Co boosted its holdings in iShares Fallen Angels USD Bond ETF by 13.6% in the third quarter. Petix & Botte Co now owns 189,919 shares of the company’s stock valued at $5,276,000 after acquiring an additional 22,715 shares during the last quarter. Tcfg Wealth Management LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the third quarter worth about $1,115,000. Wilmington Savings Fund Society FSB increased its position in iShares Fallen Angels USD Bond ETF by 292.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 7,881 shares of the company’s stock worth $219,000 after purchasing an additional 5,872 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 5.2% during the 3rd quarter. NewEdge Advisors LLC now owns 36,664 shares of the company’s stock worth $1,019,000 after purchasing an additional 1,805 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

iShares Fallen Angels USD Bond ETF stock opened at $26.46 on Friday. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.82 and a 1 year high of $27.79. The company’s 50-day moving average is $27.37 and its two-hundred day moving average is $27.44.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.1506 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 6.8%.

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.