iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Acquired by Capital Wealth Management LLC

Capital Wealth Management LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 8.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 168,629 shares of the company’s stock after purchasing an additional 13,440 shares during the period. iShares Fallen Angels USD Bond ETF comprises about 1.9% of Capital Wealth Management LLC’s holdings, making the stock its 17th largest position. Capital Wealth Management LLC owned 0.23% of iShares Fallen Angels USD Bond ETF worth $4,518,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 45.1% during the first quarter. Fifth Third Bancorp now owns 1,785 shares of the company’s stock worth $48,000 after buying an additional 555 shares during the last quarter. Glass Jacobson Investment Advisors llc grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 62.9% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,855 shares of the company’s stock worth $50,000 after buying an additional 716 shares during the last quarter. Orion Capital Management LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth about $74,000. Oak Grove Capital LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth about $200,000. Finally, Wrapmanager Inc. purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth about $227,000.

iShares Fallen Angels USD Bond ETF Price Performance

NASDAQ FALN opened at $26.75 on Wednesday. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.82 and a 52-week high of $27.43. The business’s 50-day moving average price is $26.32 and its 200 day moving average price is $26.67.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were issued a $0.1427 dividend. This represents a $1.71 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date of this dividend was Monday, June 2nd.

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.