Procyon Advisors LLC Sells 35,620 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Procyon Advisors LLC reduced its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 6.3% in the fourth quarter, HoldingsChannel reports. The firm owned 527,490 shares of the company’s stock after selling 35,620 shares during the period. iShares Fallen Angels USD Bond ETF makes up about 0.9% of Procyon Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Procyon Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $14,089,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Ignite Planners LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 4.6% in the 4th quarter. Ignite Planners LLC now owns 108,614 shares of the company’s stock valued at $2,914,000 after acquiring an additional 4,824 shares in the last quarter. Breakwater Capital Group grew its stake in shares of iShares Fallen Angels USD Bond ETF by 8.7% in the 4th quarter. Breakwater Capital Group now owns 319,604 shares of the company’s stock valued at $8,537,000 after buying an additional 25,645 shares during the period. Asset Allocation & Management Company LLC increased its position in iShares Fallen Angels USD Bond ETF by 23.6% in the 4th quarter. Asset Allocation & Management Company LLC now owns 48,200 shares of the company’s stock valued at $1,287,000 after buying an additional 9,200 shares in the last quarter. ORG Partners LLC raised its stake in iShares Fallen Angels USD Bond ETF by 163.3% during the 4th quarter. ORG Partners LLC now owns 36,446 shares of the company’s stock worth $973,000 after buying an additional 22,605 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 35.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 184,060 shares of the company’s stock worth $5,032,000 after purchasing an additional 47,773 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN stock opened at $26.96 on Friday. The firm has a fifty day simple moving average of $26.96 and a two-hundred day simple moving average of $26.93. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.90 and a 12 month high of $27.43.

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 paid a $0.1371 dividend. This represents a $1.64 annualized dividend and a dividend yield of 6.10%. The ex-dividend date was Wednesday, December 18th.

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.