Assetmark Inc. Acquires 22,661 Shares of iShares Fallen Angels USD Bond ETF $FALN

Assetmark Inc. grew its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 15.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 167,214 shares of the company’s stock after buying an additional 22,661 shares during the period. Assetmark Inc. owned 0.25% of iShares Fallen Angels USD Bond ETF worth $4,468,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FALN. Global Retirement Partners LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 73.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock valued at $28,000 after purchasing an additional 428 shares during the last quarter. 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 boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 46.4% during the 4th quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock worth $47,000 after buying an additional 547 shares during the period. Y.D. More Investments Ltd acquired a new position in iShares Fallen Angels USD Bond ETF in the 1st quarter valued at about $53,000. Finally, Camelot Portfolios LLC acquired a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter valued at about $55,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ:FALN opened at $26.99 on Thursday. iShares Fallen Angels USD Bond ETF has a 12-month low of $26.37 and a 12-month high of $27.79. The business has a 50 day moving average of $27.07 and a 200-day moving average of $27.17.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a dividend of $0.141 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Wednesday, July 1st.

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.