Parcion Private Wealth LLC Buys New Position in iShares Fallen Angels USD Bond ETF $FALN

Parcion Private Wealth LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 97,812 shares of the company’s stock, valued at approximately $2,536,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC increased its stake in iShares Fallen Angels USD Bond ETF by 38.4% in the 2nd quarter. NewEdge Advisors LLC now owns 73,149 shares of the company’s stock valued at $1,993,000 after buying an additional 20,311 shares during the last quarter. Altura Wealth Advisors Inc. boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 181.1% in the 3rd quarter. Altura Wealth Advisors Inc. now owns 45,763 shares of the company’s stock worth $1,187,000 after buying an additional 29,484 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the 2nd quarter worth approximately $548,000. First Citizens Bank & Trust Co. purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter worth approximately $4,891,000. Finally, Independence Financial Advisors LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 8.6% in the third quarter. Independence Financial Advisors LLC now owns 278,978 shares of the company’s stock valued at $7,234,000 after acquiring an additional 22,023 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Up 0.1%

Shares of FALN opened at $25.93 on Friday. The stock has a 50 day moving average of $26.27 and a 200 day moving average of $26.91. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.55 and a 12 month high of $27.68.

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 paid a $0.1471 dividend. 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. This represents a $1.77 dividend on an annualized basis and a yield of 6.8%.

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.