First Horizon Advisors Inc. Purchases 1,137 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

First Horizon Advisors Inc. lifted its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 120.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,079 shares of the company’s stock after acquiring an additional 1,137 shares during the quarter. First Horizon Advisors Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $55,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. US Financial Advisors LLC boosted its position in iShares Fallen Angels USD Bond ETF by 0.9% during the third quarter. US Financial Advisors LLC now owns 74,294 shares of the company’s stock worth $1,842,000 after purchasing an additional 655 shares during the period. Brookstone Capital Management grew its stake in iShares Fallen Angels USD Bond ETF by 3.7% in the 4th quarter. Brookstone Capital Management now owns 27,834 shares of the company’s stock valued at $735,000 after buying an additional 995 shares in the last quarter. Scotia Capital Inc. bought a new stake in iShares Fallen Angels USD Bond ETF during the 3rd quarter valued at $217,000. Saxony Capital Management LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth $220,000. Finally, Manning & Napier Group LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter worth $1,992,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.2 %

NASDAQ:FALN opened at $26.52 on Wednesday. The business’s fifty day moving average is $26.49 and its 200 day moving average is $26.18. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.12 and a 52-week high of $26.92.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were given a dividend of $0.133 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend was Wednesday, May 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.