Simplicity Wealth LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Free Report) by 211.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,316 shares of the company’s stock after buying an additional 97,331 shares during the period. Simplicity Wealth LLC owned about 0.24% of iShares Fallen Angels USD Bond ETF worth $3,716,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in FALN. Wellington Grp LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the first quarter worth about $26,000. RMG Wealth Management LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 1st quarter valued at about $31,000. Root Financial Partners LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at about $32,000. Beacon Financial Strategies CORP bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at about $50,000. Finally, Y.D. More Investments Ltd purchased a new stake in iShares Fallen Angels USD Bond ETF during the 1st quarter valued at about $53,000.
iShares Fallen Angels USD Bond ETF Stock Performance
Shares of FALN stock opened at $25.78 on Monday. iShares Fallen Angels USD Bond ETF has a 1-year low of $25.55 and a 1-year high of $27.77. The business has a 50-day moving average of $26.37 and a 200 day moving average of $26.82.
iShares Fallen Angels USD Bond ETF Increases Dividend
The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a $0.1471 dividend. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.77 dividend on an annualized basis and a yield of 6.8%.
iShares Fallen Angels USD Bond ETF Company 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.
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