AlphaCentric Advisors LLC Boosts Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

AlphaCentric Advisors LLC grew its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,443 shares of the company’s stock after purchasing an additional 586 shares during the period. AlphaCentric Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of FALN. Wilmington Savings Fund Society FSB purchased a new position in iShares Fallen Angels USD Bond ETF during the third quarter worth about $55,000. Outlook Wealth Advisors LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter worth approximately $203,000. Cornerstone Wealth Management LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $204,000. Saxony Capital Management LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at approximately $208,000. Finally, Detalus Advisors LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the third quarter valued at approximately $218,000.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN opened at $27.02 on Monday. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.90 and a 52 week high of $27.43. The business has a fifty day simple moving average of $26.92 and a 200-day simple moving average of $27.01.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.1433 dividend. This is an increase from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14. The ex-dividend date was Monday, February 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.