Procyon Advisors LLC Has $14.09 Million Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Procyon Advisors LLC cut its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 527,490 shares of the company’s stock after selling 35,620 shares during the quarter. iShares Fallen Angels USD Bond ETF comprises 0.9% of Procyon Advisors LLC’s portfolio, making the stock its 26th biggest holding. Procyon Advisors LLC owned 0.73% of iShares Fallen Angels USD Bond ETF worth $14,089,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FALN. Strategic Investment Solutions Inc. IL bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter worth about $49,000. Wilmington Savings Fund Society FSB bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the third quarter worth approximately $55,000. Outlook Wealth Advisors LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the third quarter valued at approximately $203,000. Saxony Capital Management LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the third quarter worth approximately $208,000. Finally, Detalus Advisors LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth approximately $218,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.3 %

FALN stock opened at $26.96 on Friday. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.90 and a fifty-two week high of $27.43. The business’s fifty day moving average price is $26.96 and its two-hundred day moving average price is $26.93.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a $0.1371 dividend. This represents a $1.64 annualized dividend and a dividend yield of 6.10%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.