Stratos Wealth Partners LTD. Takes $7.74 Million Position in iShares Fallen Angels USD Bond ETF $FALN

Stratos Wealth Partners LTD. purchased a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 283,665 shares of the company’s stock, valued at approximately $7,744,000. Stratos Wealth Partners LTD. owned 0.42% of iShares Fallen Angels USD Bond ETF at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Royal Bank of Canada increased its stake in iShares Fallen Angels USD Bond ETF by 32.3% in the first quarter. Royal Bank of Canada now owns 301,573 shares of the company’s stock valued at $8,079,000 after acquiring an additional 73,579 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 13.3% in the 1st quarter. NewEdge Advisors LLC now owns 14,703 shares of the company’s stock valued at $394,000 after purchasing an additional 1,728 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 2.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 45,912 shares of the company’s stock valued at $1,246,000 after purchasing an additional 1,269 shares in the last quarter. Seaview Investment Managers LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 13.6% in the 2nd quarter. Seaview Investment Managers LLC now owns 33,305 shares of the company’s stock valued at $904,000 after purchasing an additional 3,981 shares during the last quarter. Finally, ESG Planning DBA Harper Investing bought a new position in shares of iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at $449,000.

iShares Fallen Angels USD Bond ETF Price Performance

iShares Fallen Angels USD Bond ETF stock opened at $26.78 on Friday. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.82 and a 52 week high of $27.79. The stock has a fifty day moving average of $27.19 and a 200-day moving average of $27.38.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st will be given a $0.142 dividend. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Wednesday, April 1st.

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.