Thrivent Financial for Lutherans Has $5.08 Million Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Thrivent Financial for Lutherans boosted its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 5.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 190,350 shares of the company’s stock after purchasing an additional 9,293 shares during the period. Thrivent Financial for Lutherans’ holdings in iShares Fallen Angels USD Bond ETF were worth $5,084,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FALN. Mather Group LLC. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 6.4% during the 4th quarter. Mather Group LLC. now owns 9,566,735 shares of the company’s stock valued at $255,528,000 after buying an additional 575,494 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in iShares Fallen Angels USD Bond ETF by 52.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 831,984 shares of the company’s stock valued at $22,746,000 after acquiring an additional 287,900 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter worth approximately $6,151,000. Strategic Financial Concepts LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth $5,839,000. Finally, Scarborough Advisors LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter valued at $5,393,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.3 %

Shares of NASDAQ:FALN opened at $27.00 on Tuesday. The firm has a fifty day moving average price of $26.97 and a 200 day moving average price of $27.02. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.90 and a 1 year high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1372 per share. The ex-dividend date was Monday, March 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.