Cumberland Partners Ltd Has $919,000 Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Cumberland Partners Ltd lessened its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 27.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 33,600 shares of the company’s stock after selling 12,600 shares during the period. Cumberland Partners Ltd’s holdings in iShares Fallen Angels USD Bond ETF were worth $919,000 at the end of the most recent reporting period.

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

iShares Fallen Angels USD Bond ETF Trading Down 0.4 %

FALN opened at $27.03 on Wednesday. iShares Fallen Angels USD Bond ETF has a twelve month low of $25.05 and a twelve month high of $27.43. The company has a fifty day moving average of $27.13 and a 200-day moving average of $26.75.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.1409 per share. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Friday, November 1st. This represents a $1.69 annualized dividend and a dividend yield of 6.25%.

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.