Petix & Botte Co increased its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Free Report) by 11.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 246,470 shares of the company’s stock after buying an additional 24,802 shares during the period. iShares Fallen Angels USD Bond ETF comprises approximately 1.5% of Petix & Botte Co’s holdings, making the stock its 23rd biggest position. Petix & Botte Co owned 0.37% of iShares Fallen Angels USD Bond ETF worth $6,586,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of FALN. Global Retirement Partners LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 73.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock worth $28,000 after acquiring an additional 428 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter valued at approximately $30,000. CoreCap Advisors LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 46.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock valued at $47,000 after purchasing an additional 547 shares during the last quarter. Camelot Portfolios LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $55,000. Finally, Gilpin Wealth Management LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $58,000.
iShares Fallen Angels USD Bond ETF Trading Down 0.1%
Shares of NASDAQ FALN traded down $0.04 during mid-day trading on Friday, hitting $27.08. The company had a trading volume of 251,925 shares, compared to its average volume of 1,167,010. iShares Fallen Angels USD Bond ETF has a 12 month low of $26.37 and a 12 month high of $27.79. The firm’s 50 day simple moving average is $27.07 and its two-hundred day simple moving average is $27.18.
iShares Fallen Angels USD Bond ETF Cuts Dividend
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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