iShares Fallen Angels USD Bond ETF $FALN Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. decreased its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 19.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,950 shares of the company’s stock after selling 722 shares during the quarter. Harbour Investments Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $80,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FALN. Mather Group LLC. lifted its position in iShares Fallen Angels USD Bond ETF by 5.9% in the first quarter. Mather Group LLC. now owns 10,133,769 shares of the company’s stock valued at $271,484,000 after buying an additional 567,034 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in iShares Fallen Angels USD Bond ETF by 16.2% in the first quarter. Envestnet Asset Management Inc. now owns 2,507,567 shares of the company’s stock valued at $67,178,000 after buying an additional 350,001 shares during the last quarter. Ameriprise Financial Inc. lifted its position in iShares Fallen Angels USD Bond ETF by 29.9% in the first quarter. Ameriprise Financial Inc. now owns 2,068,827 shares of the company’s stock valued at $55,448,000 after buying an additional 476,097 shares during the last quarter. LPL Financial LLC lifted its position in iShares Fallen Angels USD Bond ETF by 4.1% in the first quarter. LPL Financial LLC now owns 2,064,761 shares of the company’s stock valued at $55,315,000 after buying an additional 80,518 shares during the last quarter. Finally, Allworth Financial LP lifted its position in iShares Fallen Angels USD Bond ETF by 3.6% in the first quarter. Allworth Financial LP now owns 1,249,377 shares of the company’s stock valued at $32,846,000 after buying an additional 42,889 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Up 0.1%

NASDAQ FALN opened at $27.57 on Friday. The firm’s 50-day moving average is $27.49 and its two-hundred day moving average is $26.90. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.82 and a 12 month high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were given a $0.1435 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a yield of 6.2%.

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.