Ignite Planners LLC Acquires 4,824 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Ignite Planners LLC raised its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 108,614 shares of the company’s stock after acquiring an additional 4,824 shares during the quarter. Ignite Planners LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $2,914,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the second quarter worth $49,000. Wilmington Savings Fund Society FSB acquired a new position in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth about $55,000. Outlook Wealth Advisors LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth about $203,000. Saxony Capital Management LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at about $208,000. Finally, Detalus Advisors LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the third quarter valued at about $218,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN opened at $26.64 on Tuesday. The business has a 50-day moving average of $26.97 and a 200-day moving average of $26.93. 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 company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.1371 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.64 annualized dividend and a yield of 6.17%.

iShares Fallen Angels USD Bond ETF Company 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.