Concurrent Investment Advisors LLC Grows Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Concurrent Investment Advisors LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 34.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,606 shares of the company’s stock after buying an additional 3,001 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $310,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FALN. Wilmington Savings Fund Society FSB acquired a new stake in iShares Fallen Angels USD Bond ETF in the third quarter valued at $55,000. Cornerstone Wealth Management LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the fourth quarter valued at approximately $204,000. Copperleaf Capital LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the 4th quarter valued at $229,000. Beacon Financial Advisory LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $234,000. Finally, Farther Finance Advisors LLC boosted its position in iShares Fallen Angels USD Bond ETF by 156.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,717 shares of the company’s stock valued at $238,000 after buying an additional 5,322 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 0.5 %

NASDAQ:FALN opened at $27.07 on Wednesday. The stock has a 50-day simple moving average of $26.89 and a 200 day simple moving average of $27.03. iShares Fallen Angels USD Bond ETF has a one year low of $25.90 and a one year high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a dividend of $0.1433 per share. This is a boost from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14. The ex-dividend date was Monday, February 3rd.

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.