D.A. Davidson & CO. Has $1.01 Million Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

D.A. Davidson & CO. increased its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 5.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 37,660 shares of the company’s stock after purchasing an additional 1,998 shares during the period. D.A. Davidson & CO.’s holdings in iShares Fallen Angels USD Bond ETF were worth $1,006,000 at the end of the most recent reporting period.

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

iShares Fallen Angels USD Bond ETF Price Performance

NASDAQ FALN opened at $26.93 on Monday. The company has a 50 day simple moving average of $26.90 and a 200-day simple moving average of $27.03. 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 Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.1433 dividend. This is an increase from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, February 3rd.

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.