iShares Fallen Angels USD Bond ETF $FALN Shares Sold by Simplicity Wealth LLC

Simplicity Wealth LLC lowered its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 43.8% in the second quarter, HoldingsChannel reports. The firm owned 17,300 shares of the company’s stock after selling 13,491 shares during the quarter. Simplicity Wealth LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $470,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FALN. Farther Finance Advisors LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 69.9% in the first quarter. Farther Finance Advisors LLC now owns 24,229 shares of the company’s stock valued at $647,000 after purchasing an additional 9,967 shares in the last quarter. Visionary Horizons LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the first quarter valued at approximately $257,000. Two West Capital Advisors LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 2.2% in the first quarter. Two West Capital Advisors LLC now owns 18,972 shares of the company’s stock valued at $487,000 after purchasing an additional 404 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 45.1% in the first quarter. Fifth Third Bancorp now owns 1,785 shares of the company’s stock valued at $48,000 after purchasing an additional 555 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 1.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,027 shares of the company’s stock valued at $1,126,000 after purchasing an additional 552 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN stock opened at $27.58 on Thursday. The company has a 50 day moving average price of $27.39 and a 200 day moving average price of $26.83. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $24.82 and a fifty-two week high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.1435 per share. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 6.2%.

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.