Sherry Group Inc. Makes New Investment in iShares Fallen Angels USD Bond ETF $FALN

Sherry Group Inc. bought a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 79,699 shares of the company’s stock, valued at approximately $2,179,000. iShares Fallen Angels USD Bond ETF accounts for 2.3% of Sherry Group Inc.’s holdings, making the stock its 12th biggest holding. Sherry Group Inc. owned 0.12% of iShares Fallen Angels USD Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the fourth quarter worth about $30,000. Golden State Wealth Management LLC grew its position in iShares Fallen Angels USD Bond ETF by 94.2% during the third quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock worth $40,000 after buying an additional 693 shares during the period. CoreCap Advisors LLC grew its position in iShares Fallen Angels USD Bond ETF by 46.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock worth $47,000 after buying an additional 547 shares during the period. Camelot Portfolios LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the fourth quarter worth about $55,000. Finally, BNP Paribas Financial Markets grew its position in iShares Fallen Angels USD Bond ETF by 8,036.8% during the third quarter. BNP Paribas Financial Markets now owns 3,092 shares of the company’s stock worth $86,000 after buying an additional 3,054 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN stock opened at $26.81 on Monday. The company’s 50 day simple moving average is $26.95 and its 200-day simple moving average is $27.27. iShares Fallen Angels USD Bond ETF has a 12 month low of $26.25 and a 12 month high of $27.79.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a $0.1516 dividend. The ex-dividend date was Friday, May 1st.

About iShares Fallen Angels USD Bond ETF

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.