iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Stock Position Raised by First Horizon Advisors Inc.

First Horizon Advisors Inc. lifted its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 21.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,998 shares of the company’s stock after buying an additional 2,099 shares during the quarter. First Horizon Advisors Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $320,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FALN. Wilmington Savings Fund Society FSB acquired a new position in iShares Fallen Angels USD Bond ETF during the third quarter worth $55,000. Cornerstone Wealth Management LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $204,000. Copperleaf Capital LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $229,000. Beacon Financial Advisory LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter valued at approximately $234,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the 3rd quarter worth approximately $235,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.5 %

Shares of iShares Fallen Angels USD Bond ETF stock opened at $27.07 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 stock has a 50 day moving average price of $26.89 and a two-hundred day moving average price of $27.03.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a dividend of $0.1433 per share. This is an increase from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, February 3rd.

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.