Capital Investment Advisory Services LLC Has $114,000 Stock Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Capital Investment Advisory Services LLC reduced its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 26.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,300 shares of the company’s stock after selling 1,536 shares during the period. Capital Investment Advisory Services LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $114,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FALN. Glass Jacobson Investment Advisors llc acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the third quarter worth approximately $27,000. Private Trust Co. NA lifted its stake in iShares Fallen Angels USD Bond ETF by 19.6% in the fourth quarter. Private Trust Co. NA now owns 3,290 shares of the company’s stock valued at $87,000 after buying an additional 540 shares during the period. Consultiva Wealth Management CORP. acquired a new position in iShares Fallen Angels USD Bond ETF in the third quarter valued at approximately $98,000. Tennessee Valley Asset Management Partners acquired a new position in iShares Fallen Angels USD Bond ETF in the fourth quarter valued at approximately $149,000. Finally, Provence Wealth Management Group acquired a new position in iShares Fallen Angels USD Bond ETF in the third quarter valued at approximately $150,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN opened at $26.22 on Thursday. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.12 and a 52-week high of $26.92. The business’s 50 day moving average price is $26.52 and its two-hundred day moving average price is $26.04.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a $0.1692 dividend. This represents a $2.03 annualized dividend and a yield of 7.74%. The ex-dividend date was Monday, April 1st.

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.