iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 1.2% during the second quarter, HoldingsChannel.com reports. The firm owned 96,252 shares of the company’s stock after buying an additional 1,163 shares during the period. Bank of New York Mellon Corp’s holdings in iShares Fallen Angels USD Bond ETF were worth $2,521,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vermillion & White Wealth Management Group LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter valued at $33,000. PNC Financial Services Group Inc. raised its stake in shares of iShares Fallen Angels USD Bond ETF by 143.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,323 shares of the company’s stock valued at $88,000 after purchasing an additional 1,957 shares in the last quarter. Consultiva Wealth Management CORP. acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the 1st quarter valued at about $106,000. Scarborough Advisors LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth about $115,000. Finally, First Horizon Advisors Inc. grew its stake in iShares Fallen Angels USD Bond ETF by 102.0% in the second quarter. First Horizon Advisors Inc. now owns 5,277 shares of the company’s stock worth $138,000 after purchasing an additional 2,665 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ FALN opened at $27.28 on Tuesday. The stock’s 50 day moving average price is $26.83 and its two-hundred day moving average price is $26.58. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.12 and a 52-week high of $27.29.

iShares Fallen Angels USD Bond ETF Dividend Announcement

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