Nomura Asset Management Co. Ltd. cut its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Free Report) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 594,300 shares of the company’s stock after selling 47,400 shares during the period. Nomura Asset Management Co. Ltd. owned 0.88% of iShares Fallen Angels USD Bond ETF worth $16,224,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FALN. Royal Bank of Canada boosted its position in iShares Fallen Angels USD Bond ETF by 32.3% in the first quarter. Royal Bank of Canada now owns 301,573 shares of the company’s stock valued at $8,079,000 after buying an additional 73,579 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 13.3% in the first quarter. NewEdge Advisors LLC now owns 14,703 shares of the company’s stock worth $394,000 after acquiring an additional 1,728 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares Fallen Angels USD Bond ETF by 2.8% in the second quarter. JPMorgan Chase & Co. now owns 45,912 shares of the company’s stock worth $1,246,000 after acquiring an additional 1,269 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of iShares Fallen Angels USD Bond ETF in the second quarter worth about $255,000. Finally, Diversify Wealth Management LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 3.0% in the second quarter. Diversify Wealth Management LLC now owns 124,852 shares of the company’s stock worth $3,382,000 after acquiring an additional 3,603 shares during the last quarter.
iShares Fallen Angels USD Bond ETF Price Performance
Shares of NASDAQ FALN opened at $27.04 on Wednesday. iShares Fallen Angels USD Bond ETF has a 1-year low of $26.37 and a 1-year high of $27.79. The company has a 50-day moving average of $26.97 and a two-hundred day moving average of $27.24.
iShares Fallen Angels USD Bond ETF Increases Dividend
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.
Featured Stories
- Five stocks we like better than iShares Fallen Angels USD Bond ETF
- Marvell Stock Soars on NVIDIA’s Trillion-Dollar Nod
- FirstCash Turns Pawn Into a Growth Machine
- HubSpot Just Crushed the Bear CaseāIs a Bigger Rally Ahead?
- Aggressive Insider Buying Signals Opportunity in 3 Risky Stocks
Want to see what other hedge funds are holding FALN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Free Report).
Receive News & Ratings for iShares Fallen Angels USD Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Fallen Angels USD Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
