International Assets Investment Management LLC Sells 5,843 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Posted by on Apr 15th, 2023

International Assets Investment Management LLC reduced its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Rating) by 52.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,393 shares of the company’s stock after selling 5,843 shares during the quarter. International Assets Investment Management LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $361,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FALN. CFS Investment Advisory Services LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 1,407.2% during the third quarter. CFS Investment Advisory Services LLC now owns 3,409,693 shares of the company’s stock worth $143,000 after acquiring an additional 3,183,471 shares during the period. Jane Street Group LLC lifted its holdings in 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 acquiring an additional 2,426,217 shares during the period. Allworth Financial LP lifted its holdings in 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 acquiring an additional 636,456 shares during the period. Mather Group LLC. raised its stake in shares of iShares Fallen Angels USD Bond ETF by 13.8% in the third quarter. Mather Group LLC. now owns 4,261,312 shares of the company’s stock valued at $101,845,000 after buying an additional 516,647 shares during the period. Finally, Eudaimonia Partners LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter valued at $5,180,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN opened at $25.28 on Friday. The stock’s fifty day moving average price is $24.90 and its two-hundred day moving average price is $25.12. iShares Fallen Angels USD Bond ETF has a 1 year low of $23.41 and a 1 year high of $27.00.

iShares Fallen Angels USD Bond ETF Cuts Dividend

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

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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