1,292 Shares in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Purchased by Asset Dedication LLC

Asset Dedication LLC purchased a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,292 shares of the company’s stock, valued at approximately $34,000.

Several other hedge funds have also bought and sold shares of FALN. Strategic Financial Concepts LLC grew its position in iShares Fallen Angels USD Bond ETF by 385.1% during the second quarter. Strategic Financial Concepts LLC now owns 222,350 shares of the company’s stock valued at $58,000 after buying an additional 176,515 shares during the period. Impact Partnership Wealth LLC grew its position in shares of iShares Fallen Angels USD Bond ETF by 48.0% during the 2nd quarter. Impact Partnership Wealth LLC now owns 52,406 shares of the company’s stock valued at $1,373,000 after acquiring an additional 16,993 shares during the period. Aveo Capital Partners LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 14.6% in the 2nd quarter. Aveo Capital Partners LLC now owns 18,853 shares of the company’s stock valued at $494,000 after purchasing an additional 2,401 shares in the last quarter. Novare Capital Management LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 5.7% in the 2nd quarter. Novare Capital Management LLC now owns 60,711 shares of the company’s stock worth $1,590,000 after purchasing an additional 3,272 shares during the period. Finally, Glassy Mountain Advisors Inc. boosted its position in iShares Fallen Angels USD Bond ETF by 0.9% during the second quarter. Glassy Mountain Advisors Inc. now owns 105,823 shares of the company’s stock worth $2,772,000 after purchasing an additional 986 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN opened at $27.11 on Tuesday. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.12 and a 12 month high of $27.23. The stock’s 50 day moving average is $26.74 and its two-hundred day moving average is $26.55.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.1348 dividend. The ex-dividend date was Tuesday, September 3rd.

iShares Fallen Angels USD Bond ETF 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.