iShares Fallen Angels USD Bond ETF $FALN Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 3.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,541 shares of the company’s stock after selling 2,681 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.10% of iShares Fallen Angels USD Bond ETF worth $1,914,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the second quarter worth about $94,354,000. Ameriprise Financial Inc. grew its stake in shares of 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 worth $55,448,000 after acquiring an additional 476,097 shares in the last quarter. LPL Financial LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 4.1% during the first quarter. LPL Financial LLC now owns 2,064,761 shares of the company’s stock worth $55,315,000 after acquiring an additional 80,518 shares during the period. Allworth Financial LP raised its stake in shares of iShares Fallen Angels USD Bond ETF by 2.6% in the second quarter. Allworth Financial LP now owns 1,281,649 shares of the company’s stock valued at $34,784,000 after acquiring an additional 32,272 shares in the last quarter. Finally, ESL Trust Services LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 1.2% in the first quarter. ESL Trust Services LLC now owns 1,128,608 shares of the company’s stock valued at $30,235,000 after purchasing an additional 13,112 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ FALN opened at $27.19 on Thursday. The stock’s 50-day moving average is $27.54 and its two-hundred day moving average is $27.11. iShares Fallen Angels USD Bond ETF has a 1-year low of $24.82 and a 1-year high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, November 3rd were paid a dividend of $0.1514 per share. The ex-dividend date was Monday, November 3rd. This is a positive change 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 dividend yield of 6.7%.

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.