Aristides Capital LLC Purchases 11,040 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Aristides Capital LLC increased its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 128.1% in the 4th quarter, HoldingsChannel reports. The fund owned 19,658 shares of the company’s stock after acquiring an additional 11,040 shares during the period. Aristides Capital LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $525,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FALN. Wilmington Savings Fund Society FSB purchased a new position in iShares Fallen Angels USD Bond ETF in the third quarter worth $55,000. Oak Grove Capital LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter worth $200,000. Cornerstone Wealth Management LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter worth $204,000. Wrapmanager Inc. acquired a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $227,000. Finally, Copperleaf Capital LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter worth about $229,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN stock opened at $25.72 on Friday. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.38 and a fifty-two week high of $27.43. The stock’s 50-day simple moving average is $26.91 and its 200-day simple moving average is $26.99.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.1408 per share. This represents a $1.69 annualized dividend and a yield of 6.57%. The ex-dividend date of this dividend was Tuesday, April 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.