Bank of America Corp DE Has $145.12 Million Stock Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Bank of America Corp DE lifted its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 0.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,433,200 shares of the company’s stock after acquiring an additional 7,438 shares during the period. Bank of America Corp DE owned 0.07% of iShares Fallen Angels USD Bond ETF worth $145,121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. grew its stake in iShares Fallen Angels USD Bond ETF by 6.4% in the fourth quarter. Mather Group LLC. now owns 9,566,735 shares of the company’s stock valued at $255,528,000 after acquiring an additional 575,494 shares during the period. LPL Financial LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 3.3% in the 4th quarter. LPL Financial LLC now owns 1,984,243 shares of the company’s stock worth $52,999,000 after purchasing an additional 63,287 shares in the last quarter. Ameriprise Financial Inc. grew its position in iShares Fallen Angels USD Bond ETF by 30.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,592,730 shares of the company’s stock valued at $42,540,000 after purchasing an additional 372,688 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in iShares Fallen Angels USD Bond ETF by 70.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,421,084 shares of the company’s stock valued at $37,957,000 after purchasing an additional 589,100 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 6.9% in the fourth quarter. Allworth Financial LP now owns 1,206,488 shares of the company’s stock valued at $32,563,000 after buying an additional 77,996 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 0.1 %

Shares of NASDAQ FALN opened at $26.12 on Friday. The company has a 50-day moving average price of $26.36 and a 200-day moving average price of $26.77. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.82 and a 1 year high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.1538 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.85 dividend on an annualized basis and a yield of 7.06%. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.