Private Advisor Group LLC Decreases Stake in iShares Fallen Angels USD Bond ETF $FALN

by · The Markets Daily

Private Advisor Group LLC cut its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALNFree Report) by 17.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 316,837 shares of the company’s stock after selling 68,930 shares during the period. Private Advisor Group LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $8,466,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF by 73.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock valued at $28,000 after acquiring an additional 428 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter worth $30,000. CoreCap Advisors LLC raised its stake in iShares Fallen Angels USD Bond ETF by 46.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock valued at $47,000 after purchasing an additional 547 shares in the last quarter. Camelot Portfolios LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the fourth quarter valued at $55,000. Finally, Gilpin Wealth Management LLC bought a new position in iShares Fallen Angels USD Bond ETF during the fourth quarter valued at $58,000.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN stock opened at $27.17 on Monday. iShares Fallen Angels USD Bond ETF has a 52 week low of $26.37 and a 52 week high of $27.79. The company has a fifty day simple moving average of $27.07 and a two-hundred day simple moving average of $27.19.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st will be issued a $0.141 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

iShares Fallen Angels USD Bond ETF Company Profile

(Free Report)

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.

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