OneDigital Investment Advisors LLC Buys 208,699 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

OneDigital Investment Advisors LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 53.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 602,539 shares of the company’s stock after buying an additional 208,699 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $16,473,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FALN. Private Advisor Group LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 70.6% in the third quarter. Private Advisor Group LLC now owns 17,134 shares of the company’s stock worth $468,000 after purchasing an additional 7,092 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in iShares Fallen Angels USD Bond ETF during the second quarter worth about $49,000. Breakwater Capital Group increased its holdings in iShares Fallen Angels USD Bond ETF by 8.2% in the 3rd quarter. Breakwater Capital Group now owns 293,959 shares of the company’s stock valued at $8,037,000 after buying an additional 22,196 shares during the period. Cetera Investment Advisers raised its position in shares of iShares Fallen Angels USD Bond ETF by 182.5% in the 1st quarter. Cetera Investment Advisers now owns 768,476 shares of the company’s stock valued at $20,641,000 after buying an additional 496,455 shares in the last quarter. Finally, Comerica Bank lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 4.4% during the 1st quarter. Comerica Bank now owns 33,285 shares of the company’s stock worth $894,000 after acquiring an additional 1,415 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Down 0.1 %

NASDAQ FALN opened at $27.01 on Friday. The firm’s 50 day simple moving average is $27.13 and its 200 day simple moving average is $26.76. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.30 and a 1 year high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a $0.1409 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date of this dividend was Friday, November 1st. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.