iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC increased its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 385.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 222,350 shares of the company’s stock after acquiring an additional 176,515 shares during the period. Strategic Financial Concepts LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $58,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter valued at approximately $33,000. UBS Group AG raised its position in shares of iShares Fallen Angels USD Bond ETF by 20.6% in the fourth quarter. UBS Group AG now owns 979,606 shares of the company’s stock valued at $25,862,000 after buying an additional 167,472 shares during the last quarter. ESL Trust Services LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 0.7% in the fourth quarter. ESL Trust Services LLC now owns 1,030,491 shares of the company’s stock valued at $27,205,000 after buying an additional 7,396 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the fourth quarter worth approximately $219,000. Finally, Park Avenue Securities LLC increased its position in iShares Fallen Angels USD Bond ETF by 9.0% during the first quarter. Park Avenue Securities LLC now owns 117,844 shares of the company’s stock worth $3,165,000 after purchasing an additional 9,731 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Down 0.2 %

Shares of FALN stock opened at $27.06 on Wednesday. iShares Fallen Angels USD Bond ETF has a one year low of $24.12 and a one year high of $27.23. The company has a 50 day moving average price of $26.76 and a 200 day moving average price of $26.56.

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 given a dividend of $0.1348 per share. 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.