Concord Wealth Partners Purchases Shares of 1,419 iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Posted by on Apr 15th, 2023

Concord Wealth Partners purchased a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,419 shares of the company’s stock, valued at approximately $35,000.

Several other institutional investors have also recently added to or reduced their stakes in FALN. CFS Investment Advisory Services LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 1,407.2% in the third quarter. CFS Investment Advisory Services LLC now owns 3,409,693 shares of the company’s stock valued at $143,000 after buying an additional 3,183,471 shares during the period. Jane Street Group LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 177.7% during the first quarter. Jane Street Group LLC now owns 3,791,552 shares of the company’s stock worth $105,253,000 after purchasing an additional 2,426,217 shares during the period. Allworth Financial LP raised its position in shares of iShares Fallen Angels USD Bond ETF by 509.6% during the fourth quarter. Allworth Financial LP now owns 761,344 shares of the company’s stock worth $18,737,000 after purchasing an additional 636,456 shares during the period. Mather Group LLC. raised its position in shares of iShares Fallen Angels USD Bond ETF by 13.8% during the third quarter. Mather Group LLC. now owns 4,261,312 shares of the company’s stock worth $101,845,000 after purchasing an additional 516,647 shares during the period. Finally, Eudaimonia Partners LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth approximately $5,180,000.

iShares Fallen Angels USD Bond ETF Stock Down 0.2 %

Shares of NASDAQ:FALN opened at $25.28 on Friday. iShares Fallen Angels USD Bond ETF has a twelve month low of $23.41 and a twelve month high of $27.00. The stock’s 50 day moving average is $24.90 and its 200-day moving average is $25.12.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 7th. Stockholders of record on Tuesday, April 4th were given a dividend of $0.108 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date was Monday, April 3rd.

About iShares Fallen Angels USD Bond ETF

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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.

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Institutional Ownership by Quarter for iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

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