iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. lowered its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 12.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,176 shares of the company’s stock after selling 1,412 shares during the quarter. Harbour Investments Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Private Advisor Group LLC grew its position in shares of iShares Fallen Angels USD Bond ETF by 70.6% in the 3rd quarter. Private Advisor Group LLC now owns 17,134 shares of the company’s stock valued at $468,000 after buying an additional 7,092 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 16.7% during the third quarter. Janney Montgomery Scott LLC now owns 48,547 shares of the company’s stock worth $1,327,000 after purchasing an additional 6,957 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the second quarter worth about $49,000. Breakwater Capital Group lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 8.2% in the 3rd quarter. Breakwater Capital Group now owns 293,959 shares of the company’s stock valued at $8,037,000 after purchasing an additional 22,196 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of iShares Fallen Angels USD Bond ETF by 182.5% in the 1st quarter. Cetera Investment Advisers now owns 768,476 shares of the company’s stock valued at $20,641,000 after purchasing an additional 496,455 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ:FALN opened at $27.01 on Monday. iShares Fallen Angels USD Bond ETF has a 52-week low of $25.33 and a 52-week high of $27.43. The stock’s 50 day moving average price is $27.13 and its 200 day moving average price is $26.77.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.1409 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.26%. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Friday, November 1st.

About iShares Fallen Angels USD Bond ETF

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.