Family Asset Management LLC Takes $667,000 Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Family Asset Management LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 25,282 shares of the company’s stock, valued at approximately $667,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 5.4% during the 4th quarter. Mather Group LLC. now owns 6,673,371 shares of the company’s stock worth $176,177,000 after purchasing an additional 341,019 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in iShares Fallen Angels USD Bond ETF by 1.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,352,600 shares of the company’s stock worth $33,544,000 after acquiring an additional 23,500 shares during the last quarter. Angeles Investment Advisors LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the 3rd quarter worth approximately $26,431,000. ESL Trust Services LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 2.1% in the 3rd quarter. ESL Trust Services LLC now owns 1,023,095 shares of the company’s stock valued at $25,373,000 after acquiring an additional 20,711 shares during the last quarter. Finally, Wright Fund Management LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter worth $24,341,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN stock traded up $0.05 during mid-day trading on Monday, hitting $26.47. 1,319,359 shares of the company’s stock were exchanged, compared to its average volume of 795,846. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $24.12 and a fifty-two week high of $26.92. The stock has a 50-day simple moving average of $26.49 and a two-hundred day simple moving average of $26.16.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd will be paid a $0.133 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date of this dividend is Wednesday, May 1st.

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.