HF Advisory Group LLC Buys 27,918 Shares of iShares Fallen Angels USD Bond ETF $FALN

HF Advisory Group LLC boosted its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Free Report) by 9.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,026 shares of the company’s stock after acquiring an additional 27,918 shares during the period. iShares Fallen Angels USD Bond ETF accounts for 2.0% of HF Advisory Group LLC’s portfolio, making the stock its 6th largest position. HF Advisory Group LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $8,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in FALN. Bank of America Corp DE raised its stake in shares of iShares Fallen Angels USD Bond ETF by 3.5% in the 1st quarter. Bank of America Corp DE now owns 7,519,795 shares of the company’s stock valued at $200,929,000 after purchasing an additional 252,501 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in iShares Fallen Angels USD Bond ETF by 5.4% in the second quarter. Envestnet Asset Management Inc. now owns 398,716 shares of the company’s stock worth $10,861,000 after purchasing an additional 20,319 shares in the last quarter. Breakwater Capital Group increased its holdings in iShares Fallen Angels USD Bond ETF by 7.3% in the second quarter. Breakwater Capital Group now owns 385,762 shares of the company’s stock valued at $10,508,000 after buying an additional 26,127 shares during the last quarter. Ashford Capital Management Inc. increased its holdings in iShares Fallen Angels USD Bond ETF by 23.0% in the first quarter. Ashford Capital Management Inc. now owns 294,018 shares of the company’s stock valued at $7,856,000 after buying an additional 54,980 shares during the last quarter. Finally, Scarborough Advisors LLC raised its stake in iShares Fallen Angels USD Bond ETF by 2.1% during the first quarter. Scarborough Advisors LLC now owns 273,741 shares of the company’s stock valued at $7,314,000 after buying an additional 5,719 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Up 0.2%

NASDAQ:FALN opened at $25.92 on Friday. The business’s 50 day moving average is $26.62 and its two-hundred day moving average is $26.88. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.61 and a 52 week high of $27.77.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a dividend of $0.1471 per share. This represents a $1.77 annualized dividend and a yield of 6.8%. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425. The ex-dividend date was Thursday, October 1st.

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.

See Also

Want to see what other hedge funds are holding FALN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Free Report).

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

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