iShares Fallen Angels USD Bond ETF $FALN Shares Newly Purchased by Herold Advisors Inc.

Herold Advisors Inc. acquired a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,294 shares of the company’s stock, valued at approximately $630,000.

A number of other institutional investors also recently modified their holdings of the company. LexAurum Advisors LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the 3rd quarter worth approximately $859,000. Client 1ST Advisory Group LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter worth approximately $289,000. Intergy Private Wealth LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 11.0% during the third quarter. Intergy Private Wealth LLC now owns 11,738 shares of the company’s stock valued at $304,000 after buying an additional 1,165 shares during the period. Vontobel Holding Ltd. purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the third quarter valued at approximately $259,000. Finally, Patriot Investment Management Group Inc. bought a new position in shares of iShares Fallen Angels USD Bond ETF during the third quarter valued at approximately $221,000.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ:FALN traded down $0.06 during trading hours on Monday, hitting $25.62. The company had a trading volume of 401,171 shares, compared to its average volume of 1,038,364. The stock has a 50-day moving average price of $26.51 and a 200 day moving average price of $26.86. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.61 and a 52 week high of $27.77.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a $0.1471 dividend. This represents a $1.77 dividend on an annualized basis and a yield of 6.9%. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425. The ex-dividend date was Thursday, October 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.