Brown Lisle Cummings Inc. Invests $32,000 in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Brown Lisle Cummings Inc. acquired a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,200 shares of the company’s stock, valued at approximately $32,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. lifted its stake in iShares Fallen Angels USD Bond ETF by 42.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 438,649 shares of the company’s stock valued at $11,751,000 after acquiring an additional 129,979 shares in the last quarter. Bright Futures Wealth Management LLC. raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 1.7% in the first quarter. Bright Futures Wealth Management LLC. now owns 26,112 shares of the company’s stock valued at $674,000 after purchasing an additional 442 shares during the last quarter. Continuum Wealth Advisors LLC increased its stake in iShares Fallen Angels USD Bond ETF by 1.9% in the 1st quarter. Continuum Wealth Advisors LLC now owns 172,707 shares of the company’s stock valued at $4,627,000 after buying an additional 3,274 shares during the last quarter. Martin Worley Group raised its holdings in iShares Fallen Angels USD Bond ETF by 18.9% during the first quarter. Martin Worley Group now owns 117,920 shares of the company’s stock worth $3,159,000 after acquiring an additional 18,737 shares in the last quarter. Finally, ORG Partners LLC boosted its position in iShares Fallen Angels USD Bond ETF by 4.1% during the first quarter. ORG Partners LLC now owns 37,940 shares of the company’s stock valued at $1,012,000 after purchasing an additional 1,494 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

NASDAQ:FALN opened at $26.84 on Tuesday. iShares Fallen Angels USD Bond ETF has a twelve month low of $24.82 and a twelve month high of $27.43. The stock’s 50 day moving average price is $26.40 and its two-hundred day moving average price is $26.65.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, June 2nd were issued a dividend of $0.1427 per share. This represents a $1.71 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date was Monday, June 2nd.

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.