Insight Wealth Partners LLC Sells 27,140 Shares of iShares Fallen Angels USD Bond ETF $FALN

Insight Wealth Partners LLC lessened its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 14.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 156,998 shares of the company’s stock after selling 27,140 shares during the period. iShares Fallen Angels USD Bond ETF comprises about 0.6% of Insight Wealth Partners LLC’s holdings, making the stock its 17th biggest position. Insight Wealth Partners LLC owned about 0.26% of iShares Fallen Angels USD Bond ETF worth $4,277,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FALN. Wellington Grp LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter worth approximately $26,000. Global Retirement Partners LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 73.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock valued at $28,000 after purchasing an additional 428 shares during the period. RMG Wealth Management LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the first quarter worth $31,000. Beacon Financial Strategies CORP purchased a new stake in iShares Fallen Angels USD Bond ETF in the second quarter worth $50,000. Finally, Y.D. More Investments Ltd bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the first quarter valued at $53,000.

iShares Fallen Angels USD Bond ETF Stock Down 0.2%

Shares of NASDAQ FALN opened at $26.76 on Wednesday. iShares Fallen Angels USD Bond ETF has a one year low of $26.37 and a one year high of $27.79. The business’s fifty day moving average price is $27.00 and its 200-day moving average price is $27.03.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a $0.1425 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) annualized dividend and a yield of 6.4%.

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.