164,262 Shares of iShares Fallen Angels USD Bond ETF $FALN Purchased by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 164,262 shares of the company’s stock, valued at approximately $4,259,000. iShares Fallen Angels USD Bond ETF comprises about 0.8% of Commonwealth Financial Services LLC’s holdings, making the stock its 27th biggest holding.

A number of other hedge funds also recently bought and sold shares of the business. NewEdge Advisors LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 38.4% during the 2nd quarter. NewEdge Advisors LLC now owns 73,149 shares of the company’s stock worth $1,993,000 after purchasing an additional 20,311 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at approximately $548,000. Gateway Wealth Partners LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the 1st quarter worth approximately $567,000. Coastline Trust Co purchased a new stake in iShares Fallen Angels USD Bond ETF in the third quarter valued at approximately $1,765,000. Finally, Independence Financial Advisors LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF by 8.6% during the third quarter. Independence Financial Advisors LLC now owns 278,978 shares of the company’s stock worth $7,234,000 after buying an additional 22,023 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Down 0.1%

Shares of NASDAQ FALN traded down $0.04 during trading on Tuesday, reaching $25.57. The stock had a trading volume of 412,551 shares, compared to its average volume of 1,036,067. The business’s 50-day moving average price is $26.48 and its 200-day moving average price is $26.85. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.55 and a fifty-two week high of $27.77.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a $0.1471 dividend. The ex-dividend date was Thursday, October 1st. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425. This represents a $1.77 annualized dividend and a dividend yield of 6.9%.

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.