Optivise Advisory Services LLC Acquires New Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Optivise Advisory Services LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 152,128 shares of the company’s stock, valued at approximately $4,159,000. iShares Fallen Angels USD Bond ETF accounts for approximately 2.2% of Optivise Advisory Services LLC’s portfolio, making the stock its 6th largest holding. Optivise Advisory Services LLC owned approximately 0.23% of iShares Fallen Angels USD Bond ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Asset Dedication LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the second quarter worth $34,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the second quarter valued at approximately $49,000. Strategic Financial Concepts LLC lifted its stake in 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 acquiring an additional 176,515 shares in the last quarter. Bell Investment Advisors Inc purchased a new position in iShares Fallen Angels USD Bond ETF during the 2nd quarter valued at about $87,000. Finally, Consultiva Wealth Management CORP. acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the 1st quarter valued at about $106,000.

iShares Fallen Angels USD Bond ETF Trading Down 0.0 %

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

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a $0.1409 dividend. The ex-dividend date was Friday, November 1st. 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%.

About iShares Fallen Angels USD Bond ETF

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.