27,216 Shares of iShares Fallen Angels USD Bond ETF $FALN Acquired by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 27,216 shares of the company’s stock, valued at approximately $706,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FALN. Wellington Grp LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter worth about $26,000. RMG Wealth Management LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the first quarter worth approximately $31,000. Root Financial Partners LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the third quarter worth approximately $32,000. Beacon Financial Strategies CORP purchased a new stake in iShares Fallen Angels USD Bond ETF in the second quarter valued at approximately $50,000. Finally, Y.D. More Investments Ltd purchased a new stake in iShares Fallen Angels USD Bond ETF in the first quarter valued at approximately $53,000.

iShares Fallen Angels USD Bond ETF Stock Performance

iShares Fallen Angels USD Bond ETF stock opened at $25.93 on Friday. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.55 and a 1 year high of $27.68. The firm has a 50 day moving average price of $26.27 and a 200 day moving average price of $26.91.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued 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 dividend 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.