Nomura Asset Management Co. Ltd. Boosts Stock Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Nomura Asset Management Co. Ltd. increased its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 70.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,421,084 shares of the company’s stock after acquiring an additional 589,100 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 1.94% of iShares Fallen Angels USD Bond ETF worth $37,957,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Mather Group LLC. increased its position in iShares Fallen Angels USD Bond ETF by 6.4% during the 4th quarter. Mather Group LLC. now owns 9,566,735 shares of the company’s stock valued at $255,528,000 after buying an additional 575,494 shares in the last quarter. LPL Financial LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 3.3% during the fourth quarter. LPL Financial LLC now owns 1,984,243 shares of the company’s stock worth $52,999,000 after buying an additional 63,287 shares during the period. Allworth Financial LP increased its position in shares of iShares Fallen Angels USD Bond ETF by 6.9% in the 4th quarter. Allworth Financial LP now owns 1,206,488 shares of the company’s stock valued at $32,563,000 after acquiring an additional 77,996 shares during the period. MML Investors Services LLC raised its stake in iShares Fallen Angels USD Bond ETF by 11.0% in the 3rd quarter. MML Investors Services LLC now owns 427,302 shares of the company’s stock worth $11,682,000 after acquiring an additional 42,327 shares during the last quarter. Finally, Executive Wealth Management LLC raised its stake in iShares Fallen Angels USD Bond ETF by 10.6% in the 3rd quarter. Executive Wealth Management LLC now owns 324,004 shares of the company’s stock worth $8,858,000 after acquiring an additional 31,055 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.1 %

iShares Fallen Angels USD Bond ETF stock opened at $26.78 on Friday. The business’s 50-day simple moving average is $26.97 and its two-hundred day simple moving average is $27.02. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.90 and a fifty-two week high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.1372 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.