Janney Montgomery Scott LLC Has $1.33 Million Stock Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Janney Montgomery Scott LLC increased its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 16.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,547 shares of the company’s stock after buying an additional 6,957 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $1,327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Asset Dedication LLC bought a new position in iShares Fallen Angels USD Bond ETF in the second quarter worth approximately $34,000. Strategic Investment Solutions Inc. IL acquired a new stake in iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at $49,000. Strategic Financial Concepts LLC increased its stake in iShares Fallen Angels USD Bond ETF by 385.1% during the 2nd quarter. Strategic Financial Concepts LLC now owns 222,350 shares of the company’s stock valued at $58,000 after purchasing an additional 176,515 shares in the last quarter. Bell Investment Advisors Inc acquired a new position in iShares Fallen Angels USD Bond ETF during the second quarter worth $87,000. Finally, Consultiva Wealth Management CORP. acquired a new position in iShares Fallen Angels USD Bond ETF during the first quarter worth $106,000.

iShares Fallen Angels USD Bond ETF Trading Down 0.1 %

Shares of NASDAQ FALN opened at $27.01 on Friday. The company has a 50-day moving average price of $27.13 and a 200-day moving average price of $26.76. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.30 and a 1 year high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a $0.1409 dividend. The ex-dividend date of this dividend was Friday, November 1st. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a $1.69 annualized dividend and a dividend yield of 6.26%.

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.