iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) is HF Advisory Group LLC’s 6th Largest Position

HF Advisory Group LLC raised its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 164,657 shares of the company’s stock after purchasing an additional 5,567 shares during the period. iShares Fallen Angels USD Bond ETF makes up approximately 2.0% of HF Advisory Group LLC’s holdings, making the stock its 6th largest holding. HF Advisory Group LLC owned approximately 0.23% of iShares Fallen Angels USD Bond ETF worth $4,398,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ignite Planners LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 4.6% in the 4th quarter. Ignite Planners LLC now owns 108,614 shares of the company’s stock worth $2,914,000 after purchasing an additional 4,824 shares during the period. Breakwater Capital Group grew its stake in shares of iShares Fallen Angels USD Bond ETF by 8.7% in the fourth quarter. Breakwater Capital Group now owns 319,604 shares of the company’s stock worth $8,537,000 after acquiring an additional 25,645 shares during the last quarter. Asset Allocation & Management Company LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 23.6% in the fourth quarter. Asset Allocation & Management Company LLC now owns 48,200 shares of the company’s stock worth $1,287,000 after buying an additional 9,200 shares in the last quarter. ORG Partners LLC boosted its stake in iShares Fallen Angels USD Bond ETF by 163.3% during the 4th quarter. ORG Partners LLC now owns 36,446 shares of the company’s stock valued at $973,000 after purchasing an additional 22,605 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of iShares Fallen Angels USD Bond ETF by 35.1% during the third quarter. JPMorgan Chase & Co. now owns 184,060 shares of the company’s stock valued at $5,032,000 after buying an additional 47,773 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

iShares Fallen Angels USD Bond ETF stock opened at $26.99 on Friday. The business has a 50-day simple moving average of $26.96 and a two-hundred day simple moving average of $26.94. iShares Fallen Angels USD Bond ETF has a 52-week low of $25.90 and a 52-week high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.1371 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.09%.

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.