32,504 Shares of iShares Fallen Angels USD Bond ETF $FALN Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 32,504 shares of the company’s stock, valued at approximately $843,000.

Other institutional investors also recently modified their holdings of the company. Ballast Rock Private Wealth LLC increased its holdings in iShares Fallen Angels USD Bond ETF by 3.0% during the third quarter. Ballast Rock Private Wealth LLC now owns 29,244 shares of the company’s stock worth $758,000 after buying an additional 852 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter worth $1,492,000. Insight Wealth Partners LLC increased its holdings in iShares Fallen Angels USD Bond ETF by 5.8% in the 3rd quarter. Insight Wealth Partners LLC now owns 166,181 shares of the company’s stock worth $4,309,000 after acquiring an additional 9,183 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the 3rd quarter worth about $217,000. Finally, Live Oak Investment Partners purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the third quarter worth about $246,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.1%

FALN opened at $25.79 on Wednesday. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.55 and a 12 month high of $27.68. The company has a 50 day moving average of $26.22 and a 200 day moving average of $26.89.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be issued a $0.1341 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This is a negative change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1471. This represents a $1.61 dividend on an annualized basis and a dividend 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.