Blue Trust Inc. Cuts Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Blue Trust Inc. decreased its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALNFree Report) by 92.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,124 shares of the company’s stock after selling 52,595 shares during the period. Blue Trust Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $103,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. TNF LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 0.9% in the 2nd quarter. TNF LLC now owns 45,706 shares of the company’s stock worth $1,160,000 after acquiring an additional 429 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 35.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,885 shares of the company’s stock valued at $46,000 after purchasing an additional 492 shares during the period. First Horizon Advisors Inc. grew its holdings in iShares Fallen Angels USD Bond ETF by 7.9% during the 1st quarter. First Horizon Advisors Inc. now owns 6,770 shares of the company’s stock valued at $171,000 after purchasing an additional 495 shares in the last quarter. Advisory Services Network LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 2.5% in the 1st quarter. Advisory Services Network LLC now owns 26,174 shares of the company’s stock worth $661,000 after buying an additional 641 shares in the last quarter. Finally, US Financial Advisors LLC boosted its position in iShares Fallen Angels USD Bond ETF by 0.9% in the 3rd quarter. US Financial Advisors LLC now owns 74,294 shares of the company’s stock valued at $1,842,000 after buying an additional 655 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Up 0.1 %

Shares of NASDAQ FALN opened at $26.60 on Thursday. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.12 and a 1 year high of $26.92. The stock’s 50-day simple moving average is $26.61 and its 200-day simple moving average is $25.88.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd will be given a $0.1692 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 7.63%. The ex-dividend date is Monday, April 1st.

iShares Fallen Angels USD Bond ETF Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

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