Client First Investment Management LLC Acquires New Shares in iShares Fallen Angels USD Bond ETF $FALN

Client First Investment Management LLC acquired a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 139,127 shares of the company’s stock, valued at approximately $3,790,000. iShares Fallen Angels USD Bond ETF accounts for about 1.6% of Client First Investment Management LLC’s portfolio, making the stock its 7th biggest holding. Client First Investment Management LLC owned approximately 0.23% of iShares Fallen Angels USD Bond ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC increased its position in iShares Fallen Angels USD Bond ETF by 6.1% during the 1st quarter. Root Financial Partners LLC now owns 6,477 shares of the company’s stock valued at $173,000 after purchasing an additional 375 shares during the period. L.K. Benson & Company P.C. lifted its position in shares of iShares Fallen Angels USD Bond ETF by 1.9% in the 4th quarter. L.K. Benson & Company P.C. now owns 20,493 shares of the company’s stock worth $559,000 after purchasing an additional 390 shares during the period. Global Retirement Partners LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 73.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock worth $28,000 after purchasing an additional 428 shares during the period. Intergy Private Wealth LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 5.1% in the 1st quarter. Intergy Private Wealth LLC now owns 9,685 shares of the company’s stock worth $259,000 after purchasing an additional 468 shares during the period. Finally, Arete Wealth Advisors LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 4.4% during the first quarter. Arete Wealth Advisors LLC now owns 11,766 shares of the company’s stock valued at $314,000 after purchasing an additional 500 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 0.2%

NASDAQ FALN opened at $26.99 on Friday. The firm’s 50 day moving average price is $27.06 and its 200-day moving average price is $27.12. iShares Fallen Angels USD Bond ETF has a 52-week low of $26.37 and a 52-week high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.1481 per share. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Monday, August 3rd.

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.