Diversify Wealth Management LLC Acquires 3,766 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Diversify Wealth Management LLC increased its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 170,955 shares of the company’s stock after purchasing an additional 3,766 shares during the quarter. Diversify Wealth Management LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $4,563,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Mather Group LLC. raised its holdings in iShares Fallen Angels USD Bond ETF by 27.0% during the third quarter. Mather Group LLC. now owns 8,991,241 shares of the company’s stock valued at $245,821,000 after acquiring an additional 1,913,910 shares during the period. Angeles Investment Advisors LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 39.8% in the 3rd quarter. Angeles Investment Advisors LLC now owns 1,294,400 shares of the company’s stock worth $35,389,000 after purchasing an additional 368,400 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in iShares Fallen Angels USD Bond ETF by 52.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 831,984 shares of the company’s stock worth $22,746,000 after purchasing an additional 287,900 shares during the period. OneDigital Investment Advisors LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 53.0% during the third quarter. OneDigital Investment Advisors LLC now owns 602,539 shares of the company’s stock valued at $16,473,000 after buying an additional 208,699 shares during the last quarter. Finally, Optivise Advisory Services LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the third quarter worth $4,159,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.1 %

FALN opened at $26.99 on Monday. The company has a fifty day moving average of $26.96 and a 200 day moving average of $26.95. 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 company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a $0.1371 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.09%.

iShares Fallen Angels USD Bond ETF Company 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.