Cwm LLC Cuts Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Cwm LLC trimmed its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 180,063 shares of the company’s stock after selling 20,179 shares during the period. Cwm LLC owned approximately 0.29% of iShares Fallen Angels USD Bond ETF worth $4,754,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. HF Advisory Group LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 2.1% in the 4th quarter. HF Advisory Group LLC now owns 133,407 shares of the company’s stock worth $3,522,000 after buying an additional 2,784 shares during the last quarter. Continuum Wealth Advisors LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 2.0% in the 4th quarter. Continuum Wealth Advisors LLC now owns 254,497 shares of the company’s stock worth $6,719,000 after buying an additional 4,901 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter worth $501,000. Glassy Mountain Advisors Inc. boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 16.0% in the 4th quarter. Glassy Mountain Advisors Inc. now owns 99,453 shares of the company’s stock worth $2,626,000 after buying an additional 13,730 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 50.0% in the 4th quarter. Vontobel Holding Ltd. now owns 15,000 shares of the company’s stock worth $396,000 after buying an additional 5,000 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN stock opened at $26.23 on Wednesday. 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 fifty day moving average price is $26.53 and its 200-day moving average price is $26.04.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a $0.1692 dividend. The ex-dividend date was Monday, April 1st. This represents a $2.03 dividend on an annualized basis and a yield of 7.74%.

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.