Glassy Mountain Advisors Inc. Grows Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Glassy Mountain Advisors Inc. boosted its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,899 shares of the company’s stock after purchasing an additional 3,076 shares during the quarter. Glassy Mountain Advisors Inc. owned about 0.16% of iShares Fallen Angels USD Bond ETF worth $2,977,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Asset Dedication LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the second quarter valued at $34,000. Strategic Investment Solutions Inc. IL purchased a new stake in iShares Fallen Angels USD Bond ETF during the second quarter valued at $49,000. Bell Investment Advisors Inc purchased a new stake in iShares Fallen Angels USD Bond ETF during the second quarter valued at $87,000. PNC Financial Services Group Inc. raised its stake in iShares Fallen Angels USD Bond ETF by 143.3% during the fourth 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. Finally, Consultiva Wealth Management CORP. bought a new position in iShares Fallen Angels USD Bond ETF during the first quarter valued at $106,000.

iShares Fallen Angels USD Bond ETF Trading Down 0.2 %

FALN stock opened at $26.70 on Friday. iShares Fallen Angels USD Bond ETF has a twelve month low of $24.70 and a twelve month high of $27.43. The firm’s fifty day simple moving average is $27.14 and its two-hundred day simple moving average is $26.71.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st will be given a dividend of $0.1409 per share. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date is Friday, November 1st. This represents a $1.69 dividend on an annualized basis and a yield of 6.33%.

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.