HF Advisory Group LLC Has $8.01 Million Stock Holdings in iShares Fallen Angels USD Bond ETF $FALN

HF Advisory Group LLC raised its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 9.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 294,108 shares of the company’s stock after buying an additional 25,308 shares during the quarter. iShares Fallen Angels USD Bond ETF comprises 2.5% of HF Advisory Group LLC’s portfolio, making the stock its 2nd largest position. HF Advisory Group LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $8,012,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Invesco Ltd. grew its position in shares of iShares Fallen Angels USD Bond ETF by 722.5% in the 3rd quarter. Invesco Ltd. now owns 1,057,850 shares of the company’s stock worth $29,387,000 after acquiring an additional 929,241 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 14.7% in the 3rd quarter. Bank of America Corp DE now owns 6,877,280 shares of the company’s stock valued at $191,051,000 after acquiring an additional 883,753 shares during the last quarter. LPL Financial LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 54.7% during the 4th quarter. LPL Financial LLC now owns 2,429,052 shares of the company’s stock valued at $66,313,000 after acquiring an additional 858,396 shares in the last quarter. State of Tennessee Department of Treasury raised its position in shares of iShares Fallen Angels USD Bond ETF by 20.5% during the 2nd quarter. State of Tennessee Department of Treasury now owns 3,428,800 shares of the company’s stock valued at $93,058,000 after acquiring an additional 582,591 shares in the last quarter. Finally, Baker Avenue Asset Management LP lifted its stake in iShares Fallen Angels USD Bond ETF by 273.5% during the fourth quarter. Baker Avenue Asset Management LP now owns 729,905 shares of the company’s stock worth $19,926,000 after purchasing an additional 534,470 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN opened at $26.99 on Friday. The business’s fifty day moving average price is $27.06 and its 200 day moving average price is $27.12. iShares Fallen Angels USD Bond ETF has a 12-month low of $26.37 and a 12-month high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were given a $0.1481 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date was Monday, August 3rd. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.