Toews Corp ADV Has $15.31 Million Position in iShares Fallen Angels USD Bond ETF $FALN

Toews Corp ADV grew its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 58.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 551,100 shares of the company’s stock after purchasing an additional 204,000 shares during the period. iShares Fallen Angels USD Bond ETF makes up approximately 2.2% of Toews Corp ADV’s investment portfolio, making the stock its 7th largest holding. Toews Corp ADV’s holdings in iShares Fallen Angels USD Bond ETF were worth $15,310,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 86.9% during the second quarter. Wolff Wiese Magana LLC now owns 1,125 shares of the company’s stock worth $31,000 after acquiring an additional 523 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 72.4% during the 3rd quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock worth $33,000 after buying an additional 495 shares during the period. Private Trust Co. NA grew its stake in iShares Fallen Angels USD Bond ETF by 41.0% in the 2nd quarter. Private Trust Co. NA now owns 3,101 shares of the company’s stock valued at $84,000 after buying an additional 901 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its stake in iShares Fallen Angels USD Bond ETF by 82.4% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 3,472 shares of the company’s stock valued at $94,000 after buying an additional 1,568 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at about $122,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ:FALN opened at $27.51 on Monday. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.82 and a 12-month high of $27.79. The business has a 50 day moving average of $27.37 and a 200-day moving average of $27.34.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were issued a dividend of $0.1466 per share. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Friday, December 19th.

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.