Financial Life Advisors Sells 13,455 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Financial Life Advisors decreased its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 20.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,259 shares of the company’s stock after selling 13,455 shares during the quarter. iShares Fallen Angels USD Bond ETF accounts for approximately 0.6% of Financial Life Advisors’ investment portfolio, making the stock its 22nd largest position. Financial Life Advisors owned 0.08% of iShares Fallen Angels USD Bond ETF worth $1,404,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FALN. Envestnet Asset Management Inc. boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 63.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,385,363 shares of the company’s stock valued at $62,974,000 after purchasing an additional 921,570 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC bought a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter valued at approximately $16,210,000. Procyon Advisors LLC bought a new position in iShares Fallen Angels USD Bond ETF in the 1st quarter valued at approximately $12,111,000. Mather Group LLC. raised its holdings in iShares Fallen Angels USD Bond ETF by 5.4% in the 4th quarter. Mather Group LLC. now owns 6,673,371 shares of the company’s stock valued at $176,177,000 after buying an additional 341,019 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in iShares Fallen Angels USD Bond ETF by 1,648.3% in the 4th quarter. Assetmark Inc. now owns 278,184 shares of the company’s stock valued at $7,344,000 after buying an additional 262,272 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Down 0.6 %

iShares Fallen Angels USD Bond ETF stock traded down $0.16 during mid-day trading on Monday, hitting $26.03. 1,171,383 shares of the stock were exchanged, compared to its average volume of 732,534. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.12 and a 12 month high of $26.92. The firm’s fifty day simple moving average is $26.38 and its two-hundred day simple moving average is $26.48.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were paid a $0.1414 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.70 annualized dividend and a dividend yield of 6.52%.

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.