Cwm LLC Sells 73,438 Shares of iShares Fallen Angels USD Bond ETF $FALN

Cwm LLC reduced its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 28.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 181,740 shares of the company’s stock after selling 73,438 shares during the period. Cwm LLC owned 0.27% of iShares Fallen Angels USD Bond ETF worth $4,961,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter worth about $30,000. CoreCap Advisors LLC raised 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 acquiring an additional 495 shares during the period. Golden State Wealth Management LLC raised its position in iShares Fallen Angels USD Bond ETF by 94.2% in the third quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock worth $40,000 after acquiring an additional 693 shares during the period. BNP Paribas Financial Markets raised its position in iShares Fallen Angels USD Bond ETF by 8,036.8% in the third quarter. BNP Paribas Financial Markets now owns 3,092 shares of the company’s stock worth $86,000 after acquiring an additional 3,054 shares during the period. Finally, Sound Income Strategies LLC raised its position in iShares Fallen Angels USD Bond ETF by 43.3% in the fourth quarter. Sound Income Strategies LLC now owns 3,353 shares of the company’s stock worth $92,000 after acquiring an additional 1,013 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Down 0.3%

Shares of FALN stock opened at $27.18 on Wednesday. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.83 and a 52 week high of $27.79. The firm’s 50-day simple moving average is $27.10 and its two-hundred day simple moving average is $27.33.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were given a $0.142 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a c) annualized dividend and a yield of 6.3%.

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.