117,870 Shares in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Purchased by Brooklyn FI LLC

Brooklyn FI LLC acquired a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 117,870 shares of the company’s stock, valued at approximately $3,192,000.

A number of other hedge funds also recently made changes to their positions in FALN. Virtue Capital Management LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 0.6% during the 3rd quarter. Virtue Capital Management LLC now owns 70,213 shares of the company’s stock valued at $1,920,000 after purchasing an additional 401 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 2.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 19,733 shares of the company’s stock worth $540,000 after buying an additional 415 shares during the last quarter. FOCUS Wealth Advisors LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 0.8% during the 4th quarter. FOCUS Wealth Advisors LLC now owns 67,698 shares of the company’s stock worth $1,808,000 after buying an additional 534 shares during the period. Principal Securities Inc. grew its stake in iShares Fallen Angels USD Bond ETF by 1.3% in the 4th quarter. Principal Securities Inc. now owns 41,515 shares of the company’s stock valued at $1,109,000 after buying an additional 550 shares during the last quarter. Finally, AlphaCentric Advisors LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 6.6% in the 4th quarter. AlphaCentric Advisors LLC now owns 9,443 shares of the company’s stock valued at $252,000 after acquiring an additional 586 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ:FALN opened at $26.82 on Wednesday. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.90 and a 12-month high of $27.43. The business has a 50 day moving average of $26.96 and a 200-day moving average of $27.03.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.1372 dividend. The ex-dividend date was Monday, March 3rd.

iShares Fallen Angels USD Bond ETF Company 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.