iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Stock Holdings Trimmed by Financial Life Advisors

Financial Life Advisors trimmed its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 20.5% in the first quarter, Holdings Channel.com reports. The fund owned 52,259 shares of the company’s stock after selling 13,455 shares during the period. iShares Fallen Angels USD Bond ETF makes up approximately 0.6% of Financial Life Advisors’ investment portfolio, making the stock its 22nd largest position. Financial Life Advisors’ holdings in iShares Fallen Angels USD Bond ETF were worth $1,404,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter worth $33,000. UBS Group AG grew its stake in shares of iShares Fallen Angels USD Bond ETF by 20.6% in the fourth quarter. UBS Group AG now owns 979,606 shares of the company’s stock worth $25,862,000 after purchasing an additional 167,472 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of iShares Fallen Angels USD Bond ETF by 96.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 267,384 shares of the company’s stock worth $7,059,000 after purchasing an additional 131,535 shares in the last quarter. ESL Trust Services LLC grew its stake in shares of iShares Fallen Angels USD Bond ETF by 0.7% in the fourth quarter. ESL Trust Services LLC now owns 1,030,491 shares of the company’s stock worth $27,205,000 after purchasing an additional 7,396 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter worth $219,000.

iShares Fallen Angels USD Bond ETF Trading Down 0.6 %

Shares of NASDAQ:FALN traded down $0.16 on Monday, hitting $26.03. The company’s stock had a trading volume of 1,171,383 shares, compared to its average volume of 732,534. The stock’s 50-day moving average is $26.38 and its two-hundred day moving average is $26.48. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.12 and a 12 month high of $26.92.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were issued a $0.1414 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.70 annualized dividend and a dividend yield of 6.52%.

iShares Fallen Angels USD Bond ETF 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.