HF Advisory Group LLC Has $3.52 Million Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

HF Advisory Group LLC raised its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,407 shares of the company’s stock after acquiring an additional 2,784 shares during the period. iShares Fallen Angels USD Bond ETF makes up 2.3% of HF Advisory Group LLC’s portfolio, making the stock its 5th biggest holding. HF Advisory Group LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $3,522,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. US Financial Advisors LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 0.9% in the third quarter. US Financial Advisors LLC now owns 74,294 shares of the company’s stock valued at $1,842,000 after buying an additional 655 shares during the period. Brookstone Capital Management boosted its holdings in iShares Fallen Angels USD Bond ETF by 3.7% during the fourth quarter. Brookstone Capital Management now owns 27,834 shares of the company’s stock valued at $735,000 after purchasing an additional 995 shares in the last quarter. Scotia Capital Inc. acquired a new stake in iShares Fallen Angels USD Bond ETF during the third quarter valued at approximately $217,000. Manning & Napier Group LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the fourth quarter valued at approximately $1,992,000. Finally, Saxony Capital Management LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the fourth quarter valued at approximately $220,000.

iShares Fallen Angels USD Bond ETF Price Performance

FALN stock traded down $0.05 during trading on Thursday, hitting $26.02. The company had a trading volume of 95,870 shares, compared to its average volume of 800,439. The company has a fifty day moving average price of $26.56 and a two-hundred day moving average price of $25.98. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $24.12 and a fifty-two week high of $26.92.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a $0.1692 dividend. This represents a $2.03 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date was Monday, April 1st.

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.