Wolff Wiese Magana LLC Boosts Stake in iShares Fallen Angels USD Bond ETF $FALN

Wolff Wiese Magana LLC increased its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 86.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,125 shares of the company’s stock after purchasing an additional 523 shares during the period. Wolff Wiese Magana LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $31,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Glassy Mountain Advisors Inc. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 0.3% in the 1st quarter. Glassy Mountain Advisors Inc. now owns 120,139 shares of the company’s stock valued at $3,219,000 after purchasing an additional 403 shares during the last quarter. Strategic Investment Solutions Inc. IL increased its position in iShares Fallen Angels USD Bond ETF by 26.8% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 1,904 shares of the company’s stock valued at $51,000 after acquiring an additional 403 shares during the period. Two West Capital Advisors LLC increased its position in iShares Fallen Angels USD Bond ETF by 2.2% in the 1st quarter. Two West Capital Advisors LLC now owns 18,972 shares of the company’s stock valued at $487,000 after acquiring an additional 404 shares during the period. Bright Futures Wealth Management LLC. increased its position in iShares Fallen Angels USD Bond ETF by 1.7% in the 1st quarter. Bright Futures Wealth Management LLC. now owns 26,112 shares of the company’s stock valued at $674,000 after acquiring an additional 442 shares during the period. Finally, Compound Planning Inc. increased its position in iShares Fallen Angels USD Bond ETF by 4.9% in the 1st quarter. Compound Planning Inc. now owns 10,318 shares of the company’s stock valued at $276,000 after acquiring an additional 483 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN stock opened at $27.69 on Monday. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.82 and a 52-week high of $27.78. The stock’s 50-day moving average price is $27.29 and its 200 day moving average price is $26.79.

iShares Fallen Angels USD Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 5th. Investors of record on Tuesday, September 2nd were given a $0.1424 dividend. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date was Tuesday, September 2nd.

iShares Fallen Angels USD Bond ETF 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.