Independent Advisor Alliance Acquires New Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Independent Advisor Alliance bought a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 160,081 shares of the company’s stock, valued at approximately $4,276,000.

A number of other institutional investors have also modified their holdings of FALN. Mather Group LLC. boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 6.4% in the fourth quarter. Mather Group LLC. now owns 9,566,735 shares of the company’s stock valued at $255,528,000 after purchasing an additional 575,494 shares during the period. Angeles Investment Advisors LLC raised its position in iShares Fallen Angels USD Bond ETF by 39.8% during the 3rd quarter. Angeles Investment Advisors LLC now owns 1,294,400 shares of the company’s stock valued at $35,389,000 after purchasing an additional 368,400 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of 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 buying an additional 287,900 shares during the period. Stratos Wealth Partners LTD. bought a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth $6,151,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth $5,839,000.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN stock opened at $26.87 on Wednesday. iShares Fallen Angels USD Bond ETF has a 1-year low of $25.90 and a 1-year high of $27.43. The business has a 50-day moving average price of $26.95 and a 200 day moving average price of $27.04.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1372 per share. The ex-dividend date was Monday, March 3rd.

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.