Cornerstone Planning Group LLC Has $2.46 Million Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Cornerstone Planning Group LLC raised its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,771 shares of the company’s stock after acquiring an additional 3,356 shares during the period. iShares Fallen Angels USD Bond ETF comprises about 0.5% of Cornerstone Planning Group LLC’s investment portfolio, making the stock its 19th largest position. Cornerstone Planning Group LLC owned 0.13% of iShares Fallen Angels USD Bond ETF worth $2,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. ESL Trust Services LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 0.4% during the 3rd quarter. ESL Trust Services LLC now owns 1,115,111 shares of the company’s stock worth $30,487,000 after acquiring an additional 4,218 shares during the last quarter. Executive Wealth Management LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 10.6% in the third quarter. Executive Wealth Management LLC now owns 324,004 shares of the company’s stock valued at $8,858,000 after purchasing an additional 31,055 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth $235,000. HF Advisory Group LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 4.8% during the third quarter. HF Advisory Group LLC now owns 159,090 shares of the company’s stock worth $4,350,000 after acquiring an additional 7,352 shares during the last quarter. Finally, Glassy Mountain Advisors Inc. lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 2.9% during the third quarter. Glassy Mountain Advisors Inc. now owns 108,899 shares of the company’s stock valued at $2,977,000 after acquiring an additional 3,076 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Down 0.4 %

Shares of FALN stock opened at $27.03 on Wednesday. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.05 and a 12 month high of $27.43. The stock has a 50-day moving average price of $27.13 and a 200 day moving average price of $26.75.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.1409 dividend. 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 yield of 6.25%. The ex-dividend date was Friday, November 1st.

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.