Forte Asset Management LLC Acquires 481 Shares of iShares Fallen Angels USD Bond ETF $FALN

Forte Asset Management LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 0.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 78,481 shares of the company’s stock after purchasing an additional 481 shares during the quarter. Forte Asset Management LLC owned 0.12% of iShares Fallen Angels USD Bond ETF worth $2,130,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Mather Group LLC. increased its stake in iShares Fallen Angels USD Bond ETF by 5.9% during the 1st quarter. Mather Group LLC. now owns 10,133,769 shares of the company’s stock worth $271,484,000 after purchasing an additional 567,034 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in iShares Fallen Angels USD Bond ETF by 16.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,507,567 shares of the company’s stock worth $67,178,000 after purchasing an additional 350,001 shares in the last quarter. Ameriprise Financial Inc. increased its stake in iShares Fallen Angels USD Bond ETF by 29.9% during the 1st quarter. Ameriprise Financial Inc. now owns 2,068,827 shares of the company’s stock worth $55,448,000 after purchasing an additional 476,097 shares in the last quarter. LPL Financial LLC increased its stake in iShares Fallen Angels USD Bond ETF by 4.1% during the 1st quarter. LPL Financial LLC now owns 2,064,761 shares of the company’s stock worth $55,315,000 after purchasing an additional 80,518 shares in the last quarter. Finally, Allworth Financial LP boosted its position in iShares Fallen Angels USD Bond ETF by 3.6% during the 1st quarter. Allworth Financial LP now owns 1,249,377 shares of the company’s stock worth $32,846,000 after acquiring an additional 42,889 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Up 0.4%

NASDAQ:FALN opened at $27.68 on Friday. iShares Fallen Angels USD Bond ETF has a twelve month low of $24.82 and a twelve month high of $27.79. The business has a 50 day moving average price of $27.50 and a two-hundred day moving average price of $26.93.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.1435 per share. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 6.2%.

iShares Fallen Angels USD Bond ETF 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.