Cwm LLC Decreases Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Cwm LLC lessened its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 180,063 shares of the company’s stock after selling 20,179 shares during the period. Cwm LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $4,754,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Glass Jacobson Investment Advisors llc purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter valued at $27,000. Private Trust Co. NA raised its stake in iShares Fallen Angels USD Bond ETF by 19.6% in the 4th quarter. Private Trust Co. NA now owns 3,290 shares of the company’s stock worth $87,000 after acquiring an additional 540 shares during the last quarter. Consultiva Wealth Management CORP. purchased a new position in iShares Fallen Angels USD Bond ETF in the 3rd quarter worth $98,000. Tennessee Valley Asset Management Partners purchased a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter worth $149,000. Finally, Provence Wealth Management Group purchased a new position in iShares Fallen Angels USD Bond ETF in the 3rd quarter worth $150,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN stock opened at $26.23 on Wednesday. The business has a fifty day moving average of $26.53 and a 200 day moving average of $26.04. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.12 and a 1 year high of $26.92.

iShares Fallen Angels USD Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a $0.1692 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.03 dividend on an annualized basis and a yield of 7.74%.

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.