Envestnet Asset Management Inc. Grows Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Envestnet Asset Management Inc. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 16.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,507,567 shares of the company’s stock after buying an additional 350,001 shares during the period. Envestnet Asset Management Inc. owned approximately 3.76% of iShares Fallen Angels USD Bond ETF worth $67,178,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Glassy Mountain Advisors Inc. raised its stake in shares of iShares Fallen Angels USD Bond ETF by 0.3% in the first quarter. Glassy Mountain Advisors Inc. now owns 120,139 shares of the company’s stock worth $3,219,000 after buying an additional 403 shares during the period. Two West Capital Advisors LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 2.2% during the 1st quarter. Two West Capital Advisors LLC now owns 18,972 shares of the company’s stock valued at $487,000 after buying an additional 404 shares in the last quarter. Bright Futures Wealth Management LLC. grew its holdings in iShares Fallen Angels USD Bond ETF by 1.7% during the 1st quarter. Bright Futures Wealth Management LLC. now owns 26,112 shares of the company’s stock valued at $674,000 after buying an additional 442 shares in the last quarter. Sequent Planning LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 5.0% during the 4th quarter. Sequent Planning LLC now owns 11,233 shares of the company’s stock valued at $300,000 after buying an additional 536 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 1.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,027 shares of the company’s stock valued at $1,126,000 after buying an additional 552 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ FALN opened at $26.94 on Friday. The business has a 50 day simple moving average of $26.65 and a two-hundred day simple moving average of $26.66. iShares Fallen Angels USD Bond ETF has a 1-year low of $24.82 and a 1-year high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, July 7th. Stockholders of record on Tuesday, July 1st were issued a $0.1327 dividend. This represents a $1.59 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date of this dividend was Tuesday, July 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.