Concurrent Investment Advisors LLC Acquires 3,092 Shares of iShares Fallen Angels USD Bond ETF $FALN

Concurrent Investment Advisors LLC boosted its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 12.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,085 shares of the company’s stock after buying an additional 3,092 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $735,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FALN. Mather Group LLC. boosted its position in iShares Fallen Angels USD Bond ETF by 5.9% during the 1st quarter. Mather Group LLC. now owns 10,133,769 shares of the company’s stock worth $271,484,000 after acquiring an additional 567,034 shares during the last quarter. Envestnet Asset Management Inc. increased its position in iShares Fallen Angels USD Bond ETF by 16.2% during the first quarter. Envestnet Asset Management Inc. now owns 2,507,567 shares of the company’s stock worth $67,178,000 after acquiring an additional 350,001 shares during the period. Ameriprise Financial Inc. increased its position in shares of iShares Fallen Angels USD Bond ETF by 29.9% in the first quarter. Ameriprise Financial Inc. now owns 2,068,827 shares of the company’s stock worth $55,448,000 after purchasing an additional 476,097 shares during the period. LPL Financial LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 4.1% during the first quarter. LPL Financial LLC now owns 2,064,761 shares of the company’s stock worth $55,315,000 after purchasing an additional 80,518 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 3.6% during the 1st quarter. Allworth Financial LP now owns 1,249,377 shares of the company’s stock valued at $32,846,000 after purchasing an additional 42,889 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Down 0.4%

Shares of NASDAQ:FALN opened at $27.47 on Friday. 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 fifty day simple moving average of $27.45 and a 200 day simple moving average of $26.86.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were issued a $0.1435 dividend. The ex-dividend date was Wednesday, October 1st. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 6.3%.

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.