Ameritas Advisory Services LLC Invests $122,000 in iShares Fallen Angels USD Bond ETF $FALN

Ameritas Advisory Services LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,493 shares of the company’s stock, valued at approximately $122,000.

Other large investors also recently modified their holdings of the company. Wolff Wiese Magana LLC grew its position in shares of iShares Fallen Angels USD Bond ETF by 86.9% during the 2nd quarter. Wolff Wiese Magana LLC now owns 1,125 shares of the company’s stock worth $31,000 after buying an additional 523 shares during the period. Brown Lisle Cummings Inc. acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter worth approximately $32,000. Fifth Third Bancorp grew its position in shares of iShares Fallen Angels USD Bond ETF by 45.1% during the 1st quarter. Fifth Third Bancorp now owns 1,785 shares of the company’s stock worth $48,000 after buying an additional 555 shares during the period. Strategic Investment Solutions Inc. IL grew its position in shares of iShares Fallen Angels USD Bond ETF by 26.8% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 1,904 shares of the company’s stock worth $51,000 after buying an additional 403 shares during the period. Finally, Olde Wealth Management LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter worth approximately $53,000.

iShares Fallen Angels USD Bond ETF Stock Down 0.3%

Shares of FALN stock opened at $27.50 on Friday. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.82 and a 52 week high of $27.79. The firm has a 50 day moving average of $27.39 and a 200-day moving average of $26.83.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were given a $0.1435 dividend. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Wednesday, October 1st. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.