22,023 iShares Fallen Angels USD Bond ETF $FALN Shares Acquired by Independence Financial Advisors LLC

Independence Financial Advisors LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 8.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 278,978 shares of the company’s stock after buying an additional 22,023 shares during the period. iShares Fallen Angels USD Bond ETF accounts for approximately 1.8% of Independence Financial Advisors LLC’s holdings, making the stock its 20th biggest holding. Independence Financial Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $7,234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 6.1% in the first quarter. Root Financial Partners LLC now owns 6,477 shares of the company’s stock worth $173,000 after acquiring an additional 375 shares during the last quarter. Intergy Private Wealth LLC raised its position in iShares Fallen Angels USD Bond ETF by 5.1% in the 1st quarter. Intergy Private Wealth LLC now owns 9,685 shares of the company’s stock worth $259,000 after purchasing an additional 468 shares during the last quarter. Box Hill Private Wealth LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 4.2% during the 3rd quarter. Box Hill Private Wealth LLC now owns 12,118 shares of the company’s stock worth $314,000 after buying an additional 483 shares in the last quarter. Arete Wealth Advisors LLC boosted its position in iShares Fallen Angels USD Bond ETF by 4.4% in the 1st quarter. Arete Wealth Advisors LLC now owns 11,766 shares of the company’s stock valued at $314,000 after buying an additional 500 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 2.1% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 24,399 shares of the company’s stock valued at $665,000 after buying an additional 500 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Up 0.0%

Shares of FALN stock traded up $0.01 on Thursday, reaching $25.88. 891,551 shares of the stock were exchanged, compared to its average volume of 1,043,517. iShares Fallen Angels USD Bond ETF has a one year low of $25.61 and a one year high of $27.77. The stock has a 50 day moving average price of $26.66 and a 200 day moving average price of $26.89.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a $0.1471 dividend. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.77 annualized dividend and a dividend yield of 6.8%.

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.