iShares Fallen Angels USD Bond ETF $FALN Shares Sold by Breakwater Capital Group

Breakwater Capital Group trimmed its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 341,816 shares of the company’s stock after selling 21,274 shares during the quarter. iShares Fallen Angels USD Bond ETF makes up approximately 1.3% of Breakwater Capital Group’s holdings, making the stock its 15th largest position. Breakwater Capital Group owned 0.50% of iShares Fallen Angels USD Bond ETF worth $9,332,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. CoreCap Advisors LLC increased its stake in iShares Fallen Angels USD Bond ETF by 72.4% during the third quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock valued at $33,000 after purchasing an additional 495 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 94.2% during the third quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock worth $40,000 after purchasing an additional 693 shares during the period. BNP Paribas Financial Markets lifted its position in shares of iShares Fallen Angels USD Bond ETF by 8,036.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,092 shares of the company’s stock worth $86,000 after buying an additional 3,054 shares during the last quarter. Orion Capital Management LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 9.6% in the 3rd quarter. Orion Capital Management LLC now owns 5,480 shares of the company’s stock valued at $152,000 after buying an additional 480 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at about $196,000.

iShares Fallen Angels USD Bond ETF Stock Down 1.2%

Shares of NASDAQ:FALN opened at $26.46 on Monday. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $24.82 and a fifty-two week high of $27.79. The firm has a 50-day simple moving average of $27.37 and a 200 day simple moving average of $27.44.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently announced 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 was Monday, March 2nd. This is an increase 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.