Rialto Wealth Management LLC Takes $1.30 Million Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Rialto Wealth Management LLC bought a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 48,815 shares of the company’s stock, valued at approximately $1,304,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FALN. Mather Group LLC. boosted its holdings in iShares Fallen Angels USD Bond ETF by 6.4% in the fourth quarter. Mather Group LLC. now owns 9,566,735 shares of the company’s stock worth $255,528,000 after acquiring an additional 575,494 shares in the last quarter. Angeles Investment Advisors LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 39.8% during the third quarter. Angeles Investment Advisors LLC now owns 1,294,400 shares of the company’s stock worth $35,389,000 after purchasing an additional 368,400 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 52.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 831,984 shares of the company’s stock worth $22,746,000 after purchasing an additional 287,900 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in iShares Fallen Angels USD Bond ETF in the 4th quarter valued at $6,151,000. Finally, Strategic Financial Concepts LLC bought a new stake in iShares Fallen Angels USD Bond ETF during the 4th quarter valued at $5,839,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.4 %

iShares Fallen Angels USD Bond ETF stock opened at $26.99 on Friday. The firm’s fifty day moving average price is $26.94 and its two-hundred day moving average price is $27.04. iShares Fallen Angels USD Bond ETF has a 1-year low of $25.90 and a 1-year high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.1372 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.