35,608 Shares in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Acquired by Client 1ST Advisory Group LLC

Client 1ST Advisory Group LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,608 shares of the company’s stock, valued at approximately $951,000.

A number of other large investors also recently bought and sold shares of FALN. Drucker Wealth 3.0 LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter worth $341,000. Creative Planning increased its stake in iShares Fallen Angels USD Bond ETF by 4.5% during the second quarter. Creative Planning now owns 459,991 shares of the company’s stock worth $12,047,000 after acquiring an additional 19,809 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 78.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 18,435 shares of the company’s stock worth $483,000 after purchasing an additional 8,133 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 11.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 26,063 shares of the company’s stock valued at $683,000 after purchasing an additional 2,575 shares in the last quarter. Finally, Invst LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 3.7% during the 2nd quarter. Invst LLC now owns 17,461 shares of the company’s stock worth $454,000 after purchasing an additional 630 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

FALN opened at $26.99 on Monday. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.90 and a 1 year high of $27.43. The firm has a 50 day moving average price of $26.96 and a 200 day moving average price of $26.95.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.1371 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date was Wednesday, December 18th.

About iShares Fallen Angels USD Bond ETF

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.