Perigon Wealth Management LLC Acquires 730 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Perigon Wealth Management LLC grew its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,451 shares of the company’s stock after purchasing an additional 730 shares during the quarter. Perigon Wealth Management LLC owned about 0.10% of iShares Fallen Angels USD Bond ETF worth $1,845,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 70.6% during the 3rd quarter. Private Advisor Group LLC now owns 17,134 shares of the company’s stock worth $468,000 after purchasing an additional 7,092 shares during the last quarter. HighTower Advisors LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 360.5% during the 3rd quarter. HighTower Advisors LLC now owns 38,861 shares of the company’s stock worth $1,065,000 after purchasing an additional 30,422 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 16.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 48,547 shares of the company’s stock worth $1,327,000 after purchasing an additional 6,957 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in iShares Fallen Angels USD Bond ETF by 7.5% during the 4th quarter. Atomi Financial Group Inc. now owns 9,835 shares of the company’s stock worth $263,000 after purchasing an additional 683 shares during the last quarter. Finally, Breakwater Capital Group raised its holdings in iShares Fallen Angels USD Bond ETF by 8.2% during the 3rd quarter. Breakwater Capital Group now owns 293,959 shares of the company’s stock worth $8,037,000 after purchasing an additional 22,196 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

iShares Fallen Angels USD Bond ETF stock opened at $27.08 on Thursday. iShares Fallen Angels USD Bond ETF has a 52-week low of $25.90 and a 52-week high of $27.43. The firm has a 50 day moving average price of $26.96 and a two-hundred day moving average price of $26.98.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.1371 per share. This represents a $1.64 annualized dividend and a dividend yield of 6.07%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.