Golden State Equity Partners Sells 1,502 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Golden State Equity Partners lowered its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 9.2% in the 4th quarter, HoldingsChannel reports. The firm owned 14,790 shares of the company’s stock after selling 1,502 shares during the quarter. Golden State Equity Partners’ holdings in iShares Fallen Angels USD Bond ETF were worth $390,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FALN. Angeles Investment Advisors LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at about $26,431,000. Wright Fund Management LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter worth approximately $24,341,000. Mather Group LLC. raised its stake in shares of iShares Fallen Angels USD Bond ETF by 5.9% during the 3rd quarter. Mather Group LLC. now owns 6,332,352 shares of the company’s stock worth $157,042,000 after acquiring an additional 352,212 shares in the last quarter. Baker Avenue Asset Management LP raised its stake in shares of iShares Fallen Angels USD Bond ETF by 29.7% during the 3rd quarter. Baker Avenue Asset Management LP now owns 849,647 shares of the company’s stock worth $21,071,000 after acquiring an additional 194,338 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter worth approximately $3,369,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.2 %

NASDAQ FALN opened at $26.23 on Friday. The company has a 50 day moving average price of $26.51 and a 200 day moving average price of $26.07. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.12 and a 52 week high of $26.92.

iShares Fallen Angels USD Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.1692 per share. This represents a $2.03 annualized dividend and a yield of 7.74%. The ex-dividend date of this dividend 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.