Raymond James & Associates Boosts Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Raymond James & Associates lifted its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 11.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,326 shares of the company’s stock after purchasing an additional 2,703 shares during the period. Raymond James & Associates’ holdings in iShares Fallen Angels USD Bond ETF were worth $695,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Glass Jacobson Investment Advisors llc purchased a new stake in iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at about $27,000. Consultiva Wealth Management CORP. bought a new stake in iShares Fallen Angels USD Bond ETF during the third quarter worth $98,000. Provence Wealth Management Group bought a new stake in iShares Fallen Angels USD Bond ETF during the third quarter worth $150,000. Financial Gravity Asset Management Inc. boosted its position in iShares Fallen Angels USD Bond ETF by 987.2% in the third quarter. Financial Gravity Asset Management Inc. now owns 7,578 shares of the company’s stock worth $188,000 after purchasing an additional 6,881 shares during the last quarter. Finally, Scotia Capital Inc. bought a new position in iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at $217,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.3 %

NASDAQ FALN opened at $26.23 on Wednesday. The business’s fifty day moving average is $26.53 and its 200-day moving average is $26.04. iShares Fallen Angels USD Bond ETF has a one year low of $24.12 and a one year high of $26.92.

iShares Fallen Angels USD Bond ETF Announces Dividend

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

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.