AXS Investments LLC Cuts Stock Holdings in iShares Fallen Angels USD Bond ETF $FALN

AXS Investments LLC lowered its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 28.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 56,942 shares of the company’s stock after selling 22,510 shares during the quarter. AXS Investments LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $1,582,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FALN. Impact Partnership Wealth LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 83.0% during the 3rd quarter. Impact Partnership Wealth LLC now owns 125,249 shares of the company’s stock worth $3,479,000 after acquiring an additional 56,823 shares during the last quarter. Valley Wealth Managers Inc. raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 2.8% in the third quarter. Valley Wealth Managers Inc. now owns 29,197 shares of the company’s stock valued at $811,000 after purchasing an additional 798 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 94.2% during the third quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock valued at $40,000 after purchasing an additional 693 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 121.4% during the third quarter. AE Wealth Management LLC now owns 97,524 shares of the company’s stock valued at $2,709,000 after purchasing an additional 53,467 shares in the last quarter. Finally, Addison Capital Co boosted its holdings in iShares Fallen Angels USD Bond ETF by 19.6% during the third quarter. Addison Capital Co now owns 70,178 shares of the company’s stock worth $1,950,000 after purchasing an additional 11,513 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Down 0.0%

Shares of FALN stock opened at $27.57 on Monday. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.82 and a 52-week high of $27.79. The company has a 50-day simple moving average of $27.45 and a two-hundred day simple moving average of $27.39.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be given a dividend of $0.1473 per share. The ex-dividend date of this dividend is Monday, February 2nd. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

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.