Ausdal Financial Partners Inc. Sells 6,087 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Ausdal Financial Partners Inc. reduced its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 11.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,976 shares of the company’s stock after selling 6,087 shares during the period. Ausdal Financial Partners Inc. owned 0.06% of iShares Fallen Angels USD Bond ETF worth $1,201,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FALN. Wilmington Savings Fund Society FSB bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at $55,000. Oak Grove Capital LLC bought a new stake in iShares Fallen Angels USD Bond ETF during the fourth quarter valued at $200,000. Cornerstone Wealth Management LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $204,000. Wrapmanager Inc. acquired a new stake in iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $227,000. Finally, Copperleaf Capital LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter worth about $229,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $26.87 on Thursday. The stock’s 50-day moving average is $26.98 and its 200 day moving average is $27.02. 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 Cuts Dividend

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

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.