iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Sold by Optivise Advisory Services LLC

Optivise Advisory Services LLC decreased its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 38.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,376 shares of the company’s stock after selling 38,867 shares during the period. iShares Fallen Angels USD Bond ETF makes up about 0.9% of Optivise Advisory Services LLC’s holdings, making the stock its 20th biggest position. Optivise Advisory Services LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $1,671,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in iShares Fallen Angels USD Bond ETF by 45.1% during the 1st quarter. Fifth Third Bancorp now owns 1,785 shares of the company’s stock worth $48,000 after purchasing an additional 555 shares during the period. Glass Jacobson Investment Advisors llc boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 62.9% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 1,855 shares of the company’s stock worth $50,000 after acquiring an additional 716 shares in the last quarter. Orion Capital Management LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $74,000. Oak Grove Capital LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $200,000. Finally, Wrapmanager Inc. purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $227,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ:FALN opened at $26.75 on Wednesday. The business’s 50 day simple moving average is $26.32 and its 200-day simple moving average is $26.67. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.82 and a 12 month high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.1427 per share. This represents a $1.71 annualized dividend and a dividend yield of 6.40%. The ex-dividend date was Monday, June 2nd.

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.