iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 10.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,346 shares of the company’s stock after selling 10,675 shares during the quarter. Park Avenue Securities LLC owned approximately 0.13% of iShares Fallen Angels USD Bond ETF worth $2,573,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FALN. Strategic Investment Solutions Inc. IL acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter worth about $49,000. Wilmington Savings Fund Society FSB purchased a new position in iShares Fallen Angels USD Bond ETF in the third quarter valued at approximately $55,000. Outlook Wealth Advisors LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the third quarter worth approximately $203,000. Saxony Capital Management LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter worth approximately $208,000. Finally, Detalus Advisors LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at $218,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.1 %

Shares of NASDAQ:FALN opened at $26.99 on Friday. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.90 and a 12 month high of $27.43. The company’s fifty day moving average price is $26.96 and its 200 day moving average price is $26.94.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.1371 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date was Wednesday, December 18th.

iShares Fallen Angels USD Bond ETF Company 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.