First Horizon Advisors Inc. Raises Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

First Horizon Advisors Inc. grew its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 87.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 9,899 shares of the company’s stock after acquiring an additional 4,622 shares during the period. First Horizon Advisors Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $271,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Asset Dedication LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the second quarter worth $34,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the 2nd quarter worth about $49,000. Strategic Financial Concepts LLC grew its position in shares of iShares Fallen Angels USD Bond ETF by 385.1% in the 2nd quarter. Strategic Financial Concepts LLC now owns 222,350 shares of the company’s stock worth $58,000 after buying an additional 176,515 shares during the period. Bell Investment Advisors Inc bought a new position in shares of iShares Fallen Angels USD Bond ETF in the 2nd quarter worth about $87,000. Finally, Consultiva Wealth Management CORP. purchased a new position in iShares Fallen Angels USD Bond ETF during the 1st quarter valued at about $106,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN opened at $27.02 on Friday. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.50 and a fifty-two week high of $27.43. The firm’s 50-day simple moving average is $27.12 and its two-hundred day simple moving average is $26.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

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

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.