Kingsview Wealth Management LLC Has $709,000 Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Kingsview Wealth Management LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 34.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,539 shares of the company’s stock after buying an additional 6,806 shares during the period. Kingsview Wealth Management LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $709,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Mather Group LLC. grew its position in iShares Fallen Angels USD Bond ETF by 6.4% in the fourth quarter. Mather Group LLC. now owns 9,566,735 shares of the company’s stock valued at $255,528,000 after acquiring an additional 575,494 shares during the last quarter. Angeles Investment Advisors LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 39.8% in the 3rd quarter. Angeles Investment Advisors LLC now owns 1,294,400 shares of the company’s stock valued at $35,389,000 after purchasing an additional 368,400 shares in the last quarter. Allworth Financial LP grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 1.3% during the 3rd quarter. Allworth Financial LP now owns 1,128,492 shares of the company’s stock valued at $30,853,000 after purchasing an additional 13,997 shares during the last quarter. ESL Trust Services LLC increased its position in iShares Fallen Angels USD Bond ETF by 0.4% during the 3rd quarter. ESL Trust Services LLC now owns 1,115,111 shares of the company’s stock worth $30,487,000 after purchasing an additional 4,218 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in iShares Fallen Angels USD Bond ETF by 52.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 831,984 shares of the company’s stock valued at $22,746,000 after purchasing an additional 287,900 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $26.86 on Thursday. The company’s 50 day moving average price is $26.93 and its two-hundred day moving average price is $27.01. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.90 and a fifty-two week high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a dividend of $0.1433 per share. This is an increase from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14. The ex-dividend date was Monday, February 3rd.

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.