Iams Wealth Management LLC Acquires 2,580 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Iams Wealth Management LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 6.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 43,229 shares of the company’s stock after buying an additional 2,580 shares during the period. Iams Wealth Management LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $1,155,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL acquired a new stake in iShares Fallen Angels USD Bond ETF during the 2nd quarter valued at approximately $49,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the third quarter worth $55,000. Outlook Wealth Advisors LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the third quarter valued at approximately $203,000. Cornerstone Wealth Management LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $204,000. Finally, Saxony Capital Management LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the third quarter valued at $208,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN opened at $27.09 on Wednesday. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.90 and a 12-month high of $27.43. The company has a 50-day moving average of $26.96 and a two-hundred day moving average of $26.98.

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. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.07%. 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.