Cerity Partners LLC Lowers Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Cerity Partners LLC lessened its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 115,735 shares of the company’s stock after selling 5,030 shares during the period. Cerity Partners LLC owned about 0.19% of iShares Fallen Angels USD Bond ETF worth $3,055,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in iShares Fallen Angels USD Bond ETF by 35.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,885 shares of the company’s stock valued at $46,000 after acquiring an additional 492 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 7.9% in the first quarter. First Horizon Advisors Inc. now owns 6,770 shares of the company’s stock valued at $171,000 after purchasing an additional 495 shares in the last quarter. Private Trust Co. NA increased its stake in iShares Fallen Angels USD Bond ETF by 19.6% during the 4th quarter. Private Trust Co. NA now owns 3,290 shares of the company’s stock worth $87,000 after buying an additional 540 shares during the period. Advisory Services Network LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 2.5% during the 1st quarter. Advisory Services Network LLC now owns 26,174 shares of the company’s stock worth $661,000 after buying an additional 641 shares in the last quarter. Finally, US Financial Advisors LLC boosted its position in iShares Fallen Angels USD Bond ETF by 0.9% in the 3rd quarter. US Financial Advisors LLC now owns 74,294 shares of the company’s stock valued at $1,842,000 after buying an additional 655 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Up 0.2 %

iShares Fallen Angels USD Bond ETF stock opened at $26.07 on Thursday. iShares Fallen Angels USD Bond ETF has a twelve month low of $24.12 and a twelve month high of $26.92. The stock’s fifty day simple moving average is $26.56 and its 200-day simple moving average is $25.98.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a $0.1692 dividend. This represents a $2.03 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date of this dividend was Monday, April 1st.

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.