ST Germain D J Co. Inc. Cuts Stock Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

ST Germain D J Co. Inc. lessened its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,504 shares of the company’s stock after selling 601 shares during the quarter. ST Germain D J Co. Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $601,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FALN. Bank of New York Mellon Corp raised its stake in shares of iShares Fallen Angels USD Bond ETF by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 96,252 shares of the company’s stock worth $2,521,000 after purchasing an additional 1,163 shares during the last quarter. LPL Financial LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 3.7% during the second quarter. LPL Financial LLC now owns 1,787,437 shares of the company’s stock worth $46,813,000 after acquiring an additional 63,746 shares during the period. Envestnet Asset Management Inc. grew its holdings in iShares Fallen Angels USD Bond ETF by 1.1% during the second quarter. Envestnet Asset Management Inc. now owns 2,438,047 shares of the company’s stock worth $63,852,000 after acquiring an additional 26,058 shares during the period. Williams Financial LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the second quarter worth $247,000. Finally, Diversify Wealth Management LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the second quarter worth $4,129,000.

iShares Fallen Angels USD Bond ETF Stock Down 0.5 %

Shares of FALN stock opened at $26.69 on Friday. The business’s fifty day moving average price is $26.98 and its 200 day moving average price is $26.92. iShares Fallen Angels USD Bond ETF has a 1-year low of $25.90 and a 1-year high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.1371 per share. This represents a $1.64 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date was Wednesday, December 18th.

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.