HighTower Advisors LLC Acquires 40,443 Shares of iShares Fallen Angels USD Bond ETF $FALN

HighTower Advisors LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 527.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 48,114 shares of the company’s stock after acquiring an additional 40,443 shares during the period. HighTower Advisors LLC owned about 0.07% of iShares Fallen Angels USD Bond ETF worth $1,314,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FALN. Royal Bank of Canada raised its stake in shares of iShares Fallen Angels USD Bond ETF by 32.3% during the first quarter. Royal Bank of Canada now owns 301,573 shares of the company’s stock valued at $8,079,000 after acquiring an additional 73,579 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 13.3% during the first quarter. NewEdge Advisors LLC now owns 14,703 shares of the company’s stock valued at $394,000 after acquiring an additional 1,728 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares Fallen Angels USD Bond ETF by 2.8% during the second quarter. JPMorgan Chase & Co. now owns 45,912 shares of the company’s stock valued at $1,246,000 after acquiring an additional 1,269 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in iShares Fallen Angels USD Bond ETF in the second quarter valued at approximately $255,000. Finally, Diversify Wealth Management LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 3.0% in the second quarter. Diversify Wealth Management LLC now owns 124,852 shares of the company’s stock valued at $3,382,000 after acquiring an additional 3,603 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.3%

Shares of FALN stock opened at $26.97 on Thursday. The business’s 50 day simple moving average is $26.99 and its 200 day simple moving average is $27.23. iShares Fallen Angels USD Bond ETF has a one year low of $26.37 and a one year high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, June 1st will be issued a $0.1491 dividend. The ex-dividend date is Monday, June 1st. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 6.6%.

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.