Sequoia Financial Advisors LLC Lowers Stock Holdings in iShares Fallen Angels USD Bond ETF $FALN

Sequoia Financial Advisors LLC lowered its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 23.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,852 shares of the company’s stock after selling 26,636 shares during the period. Sequoia Financial Advisors LLC owned 0.13% of iShares Fallen Angels USD Bond ETF worth $2,267,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Dara Capital US Inc. bought a new stake in iShares Fallen Angels USD Bond ETF during the fourth quarter valued at approximately $719,000. Petix & Botte Co increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 13.6% in the 3rd quarter. Petix & Botte Co now owns 189,919 shares of the company’s stock worth $5,276,000 after buying an additional 22,715 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 906.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 344,730 shares of the company’s stock worth $9,463,000 after buying an additional 310,481 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter worth $7,744,000. Finally, Wilian Securities LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter valued at $1,087,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.3%

NASDAQ FALN opened at $27.08 on Wednesday. iShares Fallen Angels USD Bond ETF has a 52-week low of $26.37 and a 52-week high of $27.79. The company has a fifty day moving average of $27.07 and a 200-day moving average of $27.18.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.141 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Wednesday, July 1st.

iShares Fallen Angels USD Bond ETF 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.