Ignite Planners LLC Has $2.91 Million Stock Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Ignite Planners LLC grew its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 108,614 shares of the company’s stock after purchasing an additional 4,824 shares during the period. Ignite Planners LLC owned approximately 0.15% of iShares Fallen Angels USD Bond ETF worth $2,914,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new position in iShares Fallen Angels USD Bond ETF in the second quarter valued at about $49,000. Wilmington Savings Fund Society FSB acquired a new position in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth approximately $55,000. Outlook Wealth Advisors LLC bought a new position in iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at approximately $203,000. Saxony Capital Management LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the third quarter valued at approximately $208,000. Finally, Detalus Advisors LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the third quarter worth $218,000.

iShares Fallen Angels USD Bond ETF Trading Down 0.2 %

Shares of FALN opened at $26.64 on Tuesday. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.90 and a 52 week high of $27.43. The stock has a fifty day moving average of $26.97 and a 200-day moving average of $26.93.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a $0.1371 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $1.64 annualized dividend and a yield of 6.17%.

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.