UBS Group AG Sells 23,819 Shares of iShares Fallen Angels USD Bond ETF $FALN

UBS Group AG lessened its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 550,628 shares of the company’s stock after selling 23,819 shares during the period. UBS Group AG owned approximately 0.82% of iShares Fallen Angels USD Bond ETF worth $15,032,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Golden State Equity Partners grew its position in iShares Fallen Angels USD Bond ETF by 18.7% in the 4th quarter. Golden State Equity Partners now owns 17,831 shares of the company’s stock worth $487,000 after purchasing an additional 2,805 shares during the period. Concurrent Investment Advisors LLC grew its position in iShares Fallen Angels USD Bond ETF by 54.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 42,506 shares of the company’s stock worth $1,160,000 after purchasing an additional 14,959 shares during the period. Geneos Wealth Management Inc. grew its position in iShares Fallen Angels USD Bond ETF by 3.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 34,982 shares of the company’s stock worth $955,000 after purchasing an additional 1,026 shares during the period. Novem Group grew its position in iShares Fallen Angels USD Bond ETF by 4.9% in the 4th quarter. Novem Group now owns 629,614 shares of the company’s stock worth $17,188,000 after purchasing an additional 29,685 shares during the period. Finally, PFG Advisors grew its position in iShares Fallen Angels USD Bond ETF by 67.7% in the 4th quarter. PFG Advisors now owns 12,109 shares of the company’s stock worth $331,000 after purchasing an additional 4,887 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Down 0.1%

NASDAQ:FALN opened at $26.95 on Thursday. iShares Fallen Angels USD Bond ETF has a 12 month low of $26.25 and a 12 month high of $27.79. The company has a 50 day simple moving average of $26.97 and a two-hundred day simple moving average of $27.28.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were given a $0.1516 dividend. The ex-dividend date of this dividend was Friday, May 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.