Detalus Advisors LLC Grows Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Detalus Advisors LLC increased its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 23.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,831 shares of the company’s stock after buying an additional 1,867 shares during the period. Detalus Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FALN. US Bancorp DE increased its position in shares of iShares Fallen Angels USD Bond ETF by 53.7% in the 4th quarter. US Bancorp DE now owns 98,539 shares of the company’s stock worth $2,632,000 after purchasing an additional 34,407 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter worth about $819,000. Continuum Wealth Advisors LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 4.0% in the 4th quarter. Continuum Wealth Advisors LLC now owns 169,433 shares of the company’s stock worth $4,526,000 after purchasing an additional 6,502 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of iShares Fallen Angels USD Bond ETF by 25.4% in the 4th quarter. Bank of New York Mellon Corp now owns 142,668 shares of the company’s stock worth $3,811,000 after purchasing an additional 28,873 shares during the last quarter. Finally, Wrapmanager Inc. bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter worth about $227,000.

iShares Fallen Angels USD Bond ETF Price Performance

FALN opened at $27.14 on Monday. The company has a 50-day moving average of $26.92 and a 200-day moving average of $27.04. iShares Fallen Angels USD Bond ETF has a 1-year low of $25.90 and a 1-year high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a $0.1433 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14.

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.