LPL Financial LLC Has $46.81 Million Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

LPL Financial LLC grew its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,787,437 shares of the company’s stock after buying an additional 63,746 shares during the quarter. LPL Financial LLC owned approximately 2.85% of iShares Fallen Angels USD Bond ETF worth $46,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mather Group LLC. lifted its holdings in iShares Fallen Angels USD Bond ETF by 6.5% in the 2nd quarter. Mather Group LLC. now owns 7,077,331 shares of the company’s stock worth $190,097,000 after purchasing an additional 432,656 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in iShares Fallen Angels USD Bond ETF by 63.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,385,363 shares of the company’s stock worth $62,974,000 after purchasing an additional 921,570 shares during the last quarter. ESL Trust Services LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 0.7% in the 4th quarter. ESL Trust Services LLC now owns 1,030,491 shares of the company’s stock worth $27,205,000 after purchasing an additional 7,396 shares during the last quarter. UBS Group AG lifted its holdings in iShares Fallen Angels USD Bond ETF by 20.6% in the 4th quarter. UBS Group AG now owns 979,606 shares of the company’s stock worth $25,862,000 after purchasing an additional 167,472 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in iShares Fallen Angels USD Bond ETF by 182.5% in the 1st quarter. Cetera Investment Advisers now owns 768,476 shares of the company’s stock worth $20,641,000 after purchasing an additional 496,455 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN opened at $27.20 on Friday. The business has a 50 day moving average price of $26.81 and a 200 day moving average price of $26.57. iShares Fallen Angels USD Bond ETF has a twelve month low of $24.12 and a twelve month high of $27.23.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.1348 per share. The ex-dividend date of this dividend 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.