iShares Fallen Angels USD Bond ETF $FALN Shares Bought by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. grew its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 109.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 192,570 shares of the company’s stock after purchasing an additional 100,717 shares during the period. First Citizens Bank & Trust Co.’s holdings in iShares Fallen Angels USD Bond ETF were worth $5,145,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Global Retirement Partners LLC boosted 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 in the last quarter. Flagship Harbor Advisors LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $30,000. CoreCap Advisors LLC increased its position in iShares Fallen Angels USD Bond ETF by 46.4% during the 4th quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock valued at $47,000 after buying an additional 547 shares in the last quarter. Y.D. More Investments Ltd purchased a new stake in iShares Fallen Angels USD Bond ETF in the first quarter valued at about $53,000. Finally, Camelot Portfolios LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter valued at about $55,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ FALN opened at $27.03 on Wednesday. The business has a 50-day simple moving average of $27.07 and a two-hundred day simple moving average of $27.17. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $26.37 and a fifty-two week high of $27.79.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.141 dividend. This represents a c) annualized dividend 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.