iShares Fallen Angels USD Bond ETF $FALN Holdings Raised by Assetmark Inc.

Assetmark Inc. increased its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 642.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,553 shares of the company’s stock after purchasing an additional 125,075 shares during the quarter. Assetmark Inc. owned about 0.21% of iShares Fallen Angels USD Bond ETF worth $3,946,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Flagship Harbor Advisors LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $30,000. CoreCap Advisors LLC lifted its position in iShares Fallen Angels USD Bond ETF by 72.4% in the third quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock worth $33,000 after purchasing an additional 495 shares during the period. Golden State Wealth Management LLC boosted its stake in iShares Fallen Angels USD Bond ETF by 94.2% during the 3rd quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock valued at $40,000 after purchasing an additional 693 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in iShares Fallen Angels USD Bond ETF by 8,036.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,092 shares of the company’s stock valued at $86,000 after purchasing an additional 3,054 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake in iShares Fallen Angels USD Bond ETF by 43.3% during the 4th quarter. Sound Income Strategies LLC now owns 3,353 shares of the company’s stock valued at $92,000 after purchasing an additional 1,013 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN stock opened at $27.29 on Monday. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.75 and a 1 year high of $27.79. The business’s fifty day moving average is $27.11 and its 200-day moving average is $27.33.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, April 7th. Investors of record on Wednesday, April 1st were issued a dividend of $0.142 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Wednesday, April 1st.

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.