Envestnet Portfolio Solutions Inc. Reduces Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Envestnet Portfolio Solutions Inc. lessened its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 13.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 186,735 shares of the company’s stock after selling 29,464 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $4,988,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FALN. First Horizon Advisors Inc. raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 87.6% during the third quarter. First Horizon Advisors Inc. now owns 9,899 shares of the company’s stock valued at $271,000 after acquiring an additional 4,622 shares in the last quarter. Trustmark National Bank Trust Department raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 11.8% during the third quarter. Trustmark National Bank Trust Department now owns 218,211 shares of the company’s stock valued at $5,966,000 after acquiring an additional 23,000 shares in the last quarter. Icon Wealth Advisors LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 129.5% during the third quarter. Icon Wealth Advisors LLC now owns 18,054 shares of the company’s stock valued at $494,000 after acquiring an additional 10,187 shares in the last quarter. Great Valley Advisor Group Inc. raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 21.7% during the third quarter. Great Valley Advisor Group Inc. now owns 164,535 shares of the company’s stock valued at $4,498,000 after acquiring an additional 29,368 shares in the last quarter. Finally, Optivise Advisory Services LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the third quarter valued at approximately $4,159,000.

iShares Fallen Angels USD Bond ETF Trading Down 0.3 %

FALN opened at $26.82 on Wednesday. The stock has a fifty day simple moving average of $26.96 and a two-hundred day simple moving average of $27.03. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.90 and a 12-month high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.1372 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

About iShares Fallen Angels USD Bond ETF

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.