Martin Worley Group Makes New $2.65 Million Investment in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Martin Worley Group purchased a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the fourth quarter, HoldingsChannel reports. The firm purchased 99,183 shares of the company’s stock, valued at approximately $2,649,000. iShares Fallen Angels USD Bond ETF comprises about 1.7% of Martin Worley Group’s investment portfolio, making the stock its 20th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. D L Carlson Investment Group Inc. increased its holdings in iShares Fallen Angels USD Bond ETF by 1.7% in the 4th quarter. D L Carlson Investment Group Inc. now owns 85,748 shares of the company’s stock valued at $2,290,000 after purchasing an additional 1,430 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of iShares Fallen Angels USD Bond ETF by 70.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,421,084 shares of the company’s stock valued at $37,957,000 after buying an additional 589,100 shares in the last quarter. Sequent Planning LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 5.0% in the 4th quarter. Sequent Planning LLC now owns 11,233 shares of the company’s stock valued at $300,000 after buying an additional 536 shares during the period. LPL Financial LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 3.3% during the 4th quarter. LPL Financial LLC now owns 1,984,243 shares of the company’s stock worth $52,999,000 after acquiring an additional 63,287 shares in the last quarter. Finally, L.K. Benson & Company P.C. purchased a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $620,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.3 %

NASDAQ FALN opened at $26.76 on Thursday. iShares Fallen Angels USD Bond ETF has a 1-year low of $25.90 and a 1-year high of $27.43. The stock has a 50-day moving average of $26.96 and a two-hundred day moving average of $27.01.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st will be given a $0.1408 dividend. This represents a $1.69 annualized dividend and a yield of 6.31%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.