iShares Fallen Angels USD Bond ETF $FALN Shares Newly Purchased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 30,058 shares of the company’s stock, valued at approximately $779,000.

Several other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in iShares Fallen Angels USD Bond ETF by 3.5% during the 1st quarter. Bank of America Corp DE now owns 7,519,795 shares of the company’s stock valued at $200,929,000 after purchasing an additional 252,501 shares in the last quarter. Novem Group lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 5.7% in the third quarter. Novem Group now owns 726,067 shares of the company’s stock worth $18,827,000 after buying an additional 39,022 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 5.4% in the second quarter. Envestnet Asset Management Inc. now owns 398,716 shares of the company’s stock worth $10,861,000 after buying an additional 20,319 shares in the last quarter. Breakwater Capital Group lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 7.3% in the second quarter. Breakwater Capital Group now owns 385,762 shares of the company’s stock worth $10,508,000 after buying an additional 26,127 shares in the last quarter. Finally, HF Advisory Group LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 9.5% in the third quarter. HF Advisory Group LLC now owns 322,026 shares of the company’s stock worth $8,350,000 after buying an additional 27,918 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ:FALN opened at $25.78 on Friday. The company’s 50 day moving average price is $26.37 and its 200-day moving average price is $26.82. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.55 and a 52 week high of $27.77.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.1471 dividend. This represents a $1.77 dividend on an annualized basis and a yield of 6.8%. 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.

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.