Kaizen Financial Strategies Invests $413,000 in iShares Fallen Angels USD Bond ETF $FALN

Kaizen Financial Strategies bought a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 15,222 shares of the company’s stock, valued at approximately $413,000.

A number of other hedge funds have also recently made changes to their positions in the business. Bank of New York Mellon Corp grew its position in iShares Fallen Angels USD Bond ETF by 30.9% in the 1st quarter. Bank of New York Mellon Corp now owns 186,796 shares of the company’s stock worth $5,004,000 after purchasing an additional 44,128 shares in the last quarter. CWM LLC boosted its position in iShares Fallen Angels USD Bond ETF by 1.0% during the first quarter. CWM LLC now owns 276,552 shares of the company’s stock worth $7,409,000 after purchasing an additional 2,760 shares during the period. PAX Financial Group LLC grew its stake in iShares Fallen Angels USD Bond ETF by 24.8% in the 1st quarter. PAX Financial Group LLC now owns 12,302 shares of the company’s stock valued at $330,000 after buying an additional 2,443 shares in the last quarter. Parcion Private Wealth LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 9.1% in the first quarter. Parcion Private Wealth LLC now owns 77,682 shares of the company’s stock worth $2,081,000 after acquiring an additional 6,484 shares during the period. Finally, Private Advisor Group LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 713.6% during the 1st quarter. Private Advisor Group LLC now owns 372,180 shares of the company’s stock valued at $9,971,000 after buying an additional 326,437 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Down 0.1%

iShares Fallen Angels USD Bond ETF stock opened at $27.41 on Thursday. iShares Fallen Angels USD Bond ETF has a 1-year low of $24.82 and a 1-year high of $27.79. The firm’s 50 day simple moving average is $27.56 and its 200 day simple moving average is $27.08.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd were issued a $0.1514 dividend. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Monday, November 3rd. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.