Impact Partnership Wealth LLC Raises Stock Holdings in iShares Fallen Angels USD Bond ETF $FALN

Impact Partnership Wealth LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 34.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 156,997 shares of the company’s stock after acquiring an additional 40,571 shares during the quarter. iShares Fallen Angels USD Bond ETF makes up approximately 0.5% of Impact Partnership Wealth LLC’s holdings, making the stock its 27th biggest holding. Impact Partnership Wealth LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $4,195,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FALN. L.K. Benson & Company P.C. raised its stake in shares of iShares Fallen Angels USD Bond ETF by 1.9% during the fourth quarter. L.K. Benson & Company P.C. now owns 20,493 shares of the company’s stock valued at $559,000 after acquiring an additional 390 shares during the last quarter. Global Retirement Partners LLC increased its holdings in iShares Fallen Angels USD Bond ETF by 73.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock valued at $28,000 after purchasing an additional 428 shares during the period. Exchange Bank raised its position in iShares Fallen Angels USD Bond ETF by 1.8% during the 4th quarter. Exchange Bank now owns 26,854 shares of the company’s stock valued at $733,000 after purchasing an additional 464 shares during the last quarter. Intergy Private Wealth LLC raised its position in iShares Fallen Angels USD Bond ETF by 5.1% during the 1st quarter. Intergy Private Wealth LLC now owns 9,685 shares of the company’s stock valued at $259,000 after purchasing an additional 468 shares during the last quarter. Finally, Fifth Third Securities Inc. lifted its holdings in iShares Fallen Angels USD Bond ETF by 0.9% in the 4th quarter. Fifth Third Securities Inc. now owns 62,393 shares of the company’s stock worth $1,703,000 after buying an additional 535 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

FALN opened at $27.24 on Wednesday. iShares Fallen Angels USD Bond ETF has a 52-week low of $26.37 and a 52-week high of $27.79. The stock’s 50 day moving average price is $27.08 and its 200-day moving average price is $27.19.

iShares Fallen Angels USD Bond ETF Increases Dividend

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

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.