iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lowered its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Rating) by 47.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 137,422 shares of the company’s stock after selling 123,108 shares during the quarter. Kestra Advisory Services LLC owned about 0.22% of iShares Fallen Angels USD Bond ETF worth $3,382,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FALN. Concord Wealth Partners acquired a new stake in iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $35,000. Absolute Capital Management LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth about $77,000. CFS Investment Advisory Services LLC lifted its position in iShares Fallen Angels USD Bond ETF by 1,407.2% during the 3rd 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. BNP Paribas Arbitrage SA acquired a new stake in iShares Fallen Angels USD Bond ETF during the 1st quarter worth about $161,000. Finally, Flow Traders U.S. LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth about $200,000.

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iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN opened at $25.22 on Wednesday. The stock has a 50-day moving average of $24.92 and a two-hundred day moving average of $25.13. iShares Fallen Angels USD Bond ETF has a one year low of $23.41 and a one year high of $26.96.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, April 7th. Stockholders of record on Tuesday, April 4th were issued a $0.108 dividend. The ex-dividend date of this dividend was Monday, April 3rd. This represents a $1.30 annualized dividend and a dividend yield of 5.14%.

iShares Fallen Angels USD Bond ETF Profile

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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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