Royal Bank of Canada Sells 66,401 Shares of iShares Fallen Angels USD Bond ETF $FALN

Royal Bank of Canada lowered its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALNFree Report) by 46.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,862 shares of the company’s stock after selling 66,401 shares during the period. Royal Bank of Canada’s holdings in iShares Fallen Angels USD Bond ETF were worth $2,081,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 13.3% in the first quarter. NewEdge Advisors LLC now owns 14,703 shares of the company’s stock worth $394,000 after acquiring an additional 1,728 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 2.8% during the second quarter. JPMorgan Chase & Co. now owns 45,912 shares of the company’s stock valued at $1,246,000 after acquiring an additional 1,269 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the 2nd quarter worth about $255,000. Diversify Wealth Management LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 3.0% in the 2nd quarter. Diversify Wealth Management LLC now owns 124,852 shares of the company’s stock worth $3,382,000 after purchasing an additional 3,603 shares during the last quarter. Finally, Great Valley Advisor Group Inc. raised its position in shares of iShares Fallen Angels USD Bond ETF by 14.5% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 222,190 shares of the company’s stock worth $6,030,000 after purchasing an additional 28,215 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN stock opened at $27.01 on Tuesday. iShares Fallen Angels USD Bond ETF has a one year low of $26.37 and a one year high of $27.79. The company’s 50-day moving average is $27.06 and its 200 day moving average is $27.10.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a $0.1481 dividend. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Monday, August 3rd.

iShares Fallen Angels USD Bond ETF Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

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