Arete Wealth Advisors LLC Buys 2,710 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Arete Wealth Advisors LLC lifted its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 31.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,260 shares of the company’s stock after buying an additional 2,710 shares during the quarter. Arete Wealth Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $301,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FALN. Virtue Capital Management LLC grew its position in shares of iShares Fallen Angels USD Bond ETF by 0.6% in the 3rd quarter. Virtue Capital Management LLC now owns 70,213 shares of the company’s stock valued at $1,920,000 after acquiring an additional 401 shares during the period. FOCUS Wealth Advisors LLC increased its position in iShares Fallen Angels USD Bond ETF by 0.8% during the fourth quarter. FOCUS Wealth Advisors LLC now owns 67,698 shares of the company’s stock worth $1,808,000 after buying an additional 534 shares during the last quarter. Sequent Planning LLC raised its stake in iShares Fallen Angels USD Bond ETF by 5.0% in the fourth quarter. Sequent Planning LLC now owns 11,233 shares of the company’s stock valued at $300,000 after buying an additional 536 shares during the period. Principal Securities Inc. raised its stake in iShares Fallen Angels USD Bond ETF by 1.3% in the fourth quarter. Principal Securities Inc. now owns 41,515 shares of the company’s stock valued at $1,109,000 after buying an additional 550 shares during the period. Finally, AlphaCentric Advisors LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 6.6% during the 4th quarter. AlphaCentric Advisors LLC now owns 9,443 shares of the company’s stock worth $252,000 after acquiring an additional 586 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN opened at $25.72 on Monday. The stock’s fifty day simple moving average is $26.91 and its 200 day simple moving average is $26.99. iShares Fallen Angels USD Bond ETF has a 1-year low of $25.38 and a 1-year high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were given a $0.1408 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a $1.69 annualized dividend and a dividend yield of 6.57%.

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.