iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 52.9% during the fourth quarter, HoldingsChannel reports. The fund owned 8,000 shares of the company’s stock after selling 9,000 shares during the period. Vontobel Holding Ltd.’s holdings in iShares Fallen Angels USD Bond ETF were worth $214,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FALN. Sovran Advisors LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter valued at approximately $432,000. Cornerstone Planning Group LLC raised its position in iShares Fallen Angels USD Bond ETF by 2.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 92,557 shares of the company’s stock valued at $2,511,000 after purchasing an additional 1,786 shares during the period. Kingsview Wealth Management LLC raised its position in iShares Fallen Angels USD Bond ETF by 34.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 26,539 shares of the company’s stock valued at $709,000 after purchasing an additional 6,806 shares during the period. Strategic Financial Concepts LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter valued at approximately $5,839,000. Finally, Glassy Mountain Advisors Inc. raised its position in iShares Fallen Angels USD Bond ETF by 10.0% in the fourth quarter. Glassy Mountain Advisors Inc. now owns 119,736 shares of the company’s stock valued at $3,198,000 after purchasing an additional 10,837 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Down 0.4 %

iShares Fallen Angels USD Bond ETF stock opened at $26.93 on Friday. iShares Fallen Angels USD Bond ETF has a twelve month low of $25.90 and a twelve month high of $27.43. The stock’s fifty day simple moving average is $26.90 and its 200-day simple moving average is $27.02.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a dividend of $0.1433 per share. The ex-dividend date was Monday, February 3rd. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous 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.