Concurrent Investment Advisors LLC Sells 62,026 Shares of iShares Fallen Angels USD Bond ETF $FALN

Concurrent Investment Advisors LLC lowered its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 55.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 49,733 shares of the company’s stock after selling 62,026 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $1,355,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FALN. Capital Wealth Management LLC grew its stake in iShares Fallen Angels USD Bond ETF by 9.3% in the second quarter. Capital Wealth Management LLC now owns 266,540 shares of the company’s stock valued at $7,261,000 after acquiring an additional 22,743 shares during the period. HF Advisory Group LLC increased its stake in iShares Fallen Angels USD Bond ETF by 9.4% during the 2nd quarter. HF Advisory Group LLC now owns 294,108 shares of the company’s stock worth $8,012,000 after purchasing an additional 25,308 shares in the last quarter. Client First Investment Management LLC bought a new stake in iShares Fallen Angels USD Bond ETF during the 2nd quarter worth approximately $3,790,000. Breakwater Capital Group raised its holdings in iShares Fallen Angels USD Bond ETF by 7.3% during the 2nd quarter. Breakwater Capital Group now owns 385,762 shares of the company’s stock worth $10,508,000 after buying an additional 26,127 shares during the period. Finally, Beacon Financial Strategies CORP bought a new position in iShares Fallen Angels USD Bond ETF in the second quarter valued at approximately $50,000.

iShares Fallen Angels USD Bond ETF Trading Down 0.6%

iShares Fallen Angels USD Bond ETF stock opened at $26.52 on Friday. iShares Fallen Angels USD Bond ETF has a twelve month low of $26.37 and a twelve month high of $27.79. The company has a 50 day moving average of $26.98 and a 200-day moving average of $27.02.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a $0.1425 dividend. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Tuesday, September 1st.

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.