LexAurum Advisors LLC Purchases 33,111 Shares of iShares Fallen Angels USD Bond ETF $FALN

LexAurum Advisors LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the 3rd quarter, HoldingsChannel reports. The firm purchased 33,111 shares of the company’s stock, valued at approximately $859,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Client 1ST Advisory Group LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at $289,000. Intergy Private Wealth LLC increased its position in 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 worth $304,000 after buying an additional 1,165 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in iShares Fallen Angels USD Bond ETF during the third quarter worth $259,000. Patriot Investment Management Group Inc. acquired a new position in iShares Fallen Angels USD Bond ETF during the third quarter worth $221,000. Finally, Columbia Advisory Partners LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the third quarter worth $224,000.

iShares Fallen Angels USD Bond ETF Price Performance

NASDAQ FALN traded down $0.04 during trading on Monday, hitting $25.64. 416,373 shares of the company traded hands, compared to its average volume of 1,038,404. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.61 and a 12 month high of $27.77. The business has a fifty day simple moving average of $26.51 and a 200 day simple moving average of $26.86.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.1471 per share. 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 annualized dividend and a dividend yield of 6.9%.

iShares Fallen Angels USD Bond ETF Company 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.