Novem Group Boosts Position in iShares Fallen Angels USD Bond ETF $FALN

Novem Group lifted its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 629,614 shares of the company’s stock after buying an additional 29,685 shares during the quarter. iShares Fallen Angels USD Bond ETF comprises 2.0% of Novem Group’s portfolio, making the stock its 9th biggest holding. Novem Group owned 0.93% of iShares Fallen Angels USD Bond ETF worth $17,188,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new stake in iShares Fallen Angels USD Bond ETF during the 4th quarter valued at approximately $30,000. CoreCap Advisors LLC raised its stake in iShares Fallen Angels USD Bond ETF by 72.4% during the 3rd quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock valued at $33,000 after purchasing an additional 495 shares during the period. Golden State Wealth Management LLC raised its stake in iShares Fallen Angels USD Bond ETF by 94.2% during the 3rd quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock valued at $40,000 after purchasing an additional 693 shares during the period. BNP Paribas Financial Markets raised its stake in iShares Fallen Angels USD Bond ETF by 8,036.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,092 shares of the company’s stock valued at $86,000 after purchasing an additional 3,054 shares during the period. Finally, Sound Income Strategies LLC raised its stake in iShares Fallen Angels USD Bond ETF by 43.3% during the 4th quarter. Sound Income Strategies LLC now owns 3,353 shares of the company’s stock valued at $92,000 after purchasing an additional 1,013 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN opened at $27.26 on Tuesday. The business’s 50 day moving average is $27.11 and its 200 day moving average is $27.33. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.75 and a 12-month high of $27.79.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 7th. Investors of record on Wednesday, April 1st were paid a dividend of $0.142 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Wednesday, April 1st.

About iShares Fallen Angels USD Bond ETF

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.