Symphony Financial Ltd. Co. Purchases 2,665 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Symphony Financial Ltd. Co. boosted its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 11.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,251 shares of the company’s stock after purchasing an additional 2,665 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in iShares Fallen Angels USD Bond ETF were worth $692,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FALN. PNC Financial Services Group Inc. raised its holdings in iShares Fallen Angels USD Bond ETF by 143.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,323 shares of the company’s stock worth $88,000 after purchasing an additional 1,957 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the first quarter worth $368,000. Procyon Advisors LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the first quarter worth $12,111,000. Dohj LLC grew its stake in shares of iShares Fallen Angels USD Bond ETF by 19.9% in the first quarter. Dohj LLC now owns 107,411 shares of the company’s stock worth $2,885,000 after acquiring an additional 17,848 shares during the last quarter. Finally, Breakwater Capital Group grew its stake in shares of iShares Fallen Angels USD Bond ETF by 25.3% in the first quarter. Breakwater Capital Group now owns 215,169 shares of the company’s stock worth $5,779,000 after acquiring an additional 43,401 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

NASDAQ FALN opened at $27.06 on Wednesday. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.12 and a 12 month high of $27.43. The stock’s fifty day moving average price is $27.15 and its 200-day moving average price is $26.68.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a $0.1348 dividend. The ex-dividend date was Tuesday, September 3rd.

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.