Goldstone Financial Group LLC Takes Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Goldstone Financial Group LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 9,457 shares of the company’s stock, valued at approximately $259,000.

Other hedge funds also recently added to or reduced their stakes in the company. Asset Dedication LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the second quarter worth about $34,000. Strategic Investment Solutions Inc. IL purchased a new position in iShares Fallen Angels USD Bond ETF in the second quarter worth approximately $49,000. Strategic Financial Concepts LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 385.1% during the 2nd quarter. Strategic Financial Concepts LLC now owns 222,350 shares of the company’s stock worth $58,000 after acquiring an additional 176,515 shares in the last quarter. Bell Investment Advisors Inc purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at approximately $87,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 143.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,323 shares of the company’s stock valued at $88,000 after purchasing an additional 1,957 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.2 %

Shares of FALN stock opened at $26.89 on Friday. The firm has a fifty day moving average price of $27.15 and a 200 day moving average price of $26.70. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.37 and a 12 month high of $27.43.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a $0.1348 dividend. The ex-dividend date was Tuesday, September 3rd.

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.