Continuum Wealth Advisors LLC Buys 4,901 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Continuum Wealth Advisors LLC grew its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 254,497 shares of the company’s stock after purchasing an additional 4,901 shares during the period. iShares Fallen Angels USD Bond ETF comprises approximately 4.4% of Continuum Wealth Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Continuum Wealth Advisors LLC owned approximately 0.42% of iShares Fallen Angels USD Bond ETF worth $6,719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jane Street Group LLC raised its position in iShares Fallen Angels USD Bond ETF by 177.7% during the first quarter. Jane Street Group LLC now owns 3,791,552 shares of the company’s stock worth $105,253,000 after acquiring an additional 2,426,217 shares in the last quarter. Angeles Investment Advisors LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the third quarter valued at about $26,431,000. Wright Fund Management LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the 3rd quarter valued at approximately $24,341,000. Bank of America Corp DE increased its position in iShares Fallen Angels USD Bond ETF by 38.1% during the 1st quarter. Bank of America Corp DE now owns 2,301,475 shares of the company’s stock valued at $58,158,000 after purchasing an additional 635,253 shares during the period. Finally, UBS Group AG increased its position in iShares Fallen Angels USD Bond ETF by 78.3% during the 1st quarter. UBS Group AG now owns 1,217,322 shares of the company’s stock valued at $30,762,000 after purchasing an additional 534,483 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ:FALN traded up $0.04 on Wednesday, reaching $26.07. 845,489 shares of the stock traded hands, compared to its average volume of 810,217. The company’s 50 day moving average is $26.57 and its 200-day moving average is $25.98. iShares Fallen Angels USD Bond ETF has a 1-year low of $24.12 and a 1-year high of $26.92.

iShares Fallen Angels USD Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.1692 per share. This represents a $2.03 annualized dividend and a dividend yield of 7.79%. The ex-dividend date of this dividend was Monday, April 1st.

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.