Dorsey & Whitney Trust CO LLC trimmed its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Free Report) by 60.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,000 shares of the company’s stock after selling 12,000 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $214,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter worth about $55,000. Oak Grove Capital LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $200,000. Cornerstone Wealth Management LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $204,000. Wrapmanager Inc. bought a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $227,000. Finally, Copperleaf Capital LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $229,000.
iShares Fallen Angels USD Bond ETF Stock Down 0.4 %
NASDAQ:FALN opened at $26.87 on Wednesday. The company has a 50-day moving average of $26.95 and a 200-day moving average of $27.04. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.90 and a 52 week high of $27.43.
iShares Fallen Angels USD Bond ETF Cuts Dividend
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.
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