LGT Financial Advisors LLC Sells 1,745 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

LGT Financial Advisors LLC lessened its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 50.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,737 shares of the company’s stock after selling 1,745 shares during the quarter. LGT Financial Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $47,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Asset Dedication LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the second quarter valued at approximately $34,000. Strategic Investment Solutions Inc. IL bought a new position in iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at $49,000. Strategic Financial Concepts LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 385.1% during the 2nd quarter. Strategic Financial Concepts LLC now owns 222,350 shares of the company’s stock valued at $58,000 after purchasing an additional 176,515 shares during the last quarter. Bell Investment Advisors Inc bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the second quarter valued at approximately $87,000. Finally, Consultiva Wealth Management CORP. purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter valued at approximately $106,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.3 %

FALN opened at $26.99 on Thursday. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.00 and a 12 month high of $27.43. The company has a 50 day moving average of $27.12 and a 200 day moving average of $26.73.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.1409 dividend. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date of this dividend was Friday, November 1st.

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.