Continuum Wealth Advisors LLC Trims Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Continuum Wealth Advisors LLC lessened its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 40.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 162,931 shares of the company’s stock after selling 112,180 shares during the period. iShares Fallen Angels USD Bond ETF accounts for approximately 2.4% of Continuum Wealth Advisors LLC’s portfolio, making the stock its 14th largest holding. Continuum Wealth Advisors LLC owned approximately 0.24% of iShares Fallen Angels USD Bond ETF worth $4,455,000 at the end of the most recent quarter.

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

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN stock traded up $0.04 during trading hours on Friday, hitting $27.20. 396,246 shares of the company’s stock traded hands, compared to its average volume of 699,639. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.12 and a 12-month high of $27.43. The stock’s fifty day simple moving average is $27.14 and its two-hundred day simple moving average is $26.67.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a $0.1348 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.