iShares Fallen Angels USD Bond ETF $FALN Stock Holdings Increased by Novem Group

Novem Group grew its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 726,067 shares of the company’s stock after acquiring an additional 39,022 shares during the period. iShares Fallen Angels USD Bond ETF accounts for approximately 1.9% of Novem Group’s holdings, making the stock its 10th largest position. Novem Group owned about 1.20% of iShares Fallen Angels USD Bond ETF worth $18,827,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 3.5% in the 1st quarter. Bank of America Corp DE now owns 7,519,795 shares of the company’s stock valued at $200,929,000 after purchasing an additional 252,501 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in iShares Fallen Angels USD Bond ETF by 5.4% in the second quarter. Envestnet Asset Management Inc. now owns 398,716 shares of the company’s stock worth $10,861,000 after purchasing an additional 20,319 shares in the last quarter. Breakwater Capital Group increased its position in iShares Fallen Angels USD Bond ETF by 7.3% during the second quarter. Breakwater Capital Group now owns 385,762 shares of the company’s stock worth $10,508,000 after buying an additional 26,127 shares during the last quarter. HF Advisory Group LLC increased its position in iShares Fallen Angels USD Bond ETF by 9.5% during the third quarter. HF Advisory Group LLC now owns 322,026 shares of the company’s stock worth $8,350,000 after buying an additional 27,918 shares during the last quarter. Finally, Ashford Capital Management Inc. raised its holdings in iShares Fallen Angels USD Bond ETF by 23.0% during the first quarter. Ashford Capital Management Inc. now owns 294,018 shares of the company’s stock valued at $7,856,000 after buying an additional 54,980 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ:FALN traded down $0.07 on Monday, reaching $25.61. The company had a trading volume of 600,280 shares, compared to its average volume of 1,039,400. iShares Fallen Angels USD Bond ETF has a twelve month low of $25.61 and a twelve month high of $27.77. 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 Increases Dividend

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

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.