L.K. Benson & Company P.C. Makes New $620,000 Investment in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

L.K. Benson & Company P.C. acquired a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 23,194 shares of the company’s stock, valued at approximately $620,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FALN. Virtue Capital Management LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 0.6% in the third quarter. Virtue Capital Management LLC now owns 70,213 shares of the company’s stock valued at $1,920,000 after acquiring an additional 401 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 2.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 19,733 shares of the company’s stock valued at $540,000 after purchasing an additional 415 shares during the period. FOCUS Wealth Advisors LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 0.8% in the 4th quarter. FOCUS Wealth Advisors LLC now owns 67,698 shares of the company’s stock valued at $1,808,000 after purchasing an additional 534 shares during the last quarter. Principal Securities Inc. grew its holdings in iShares Fallen Angels USD Bond ETF by 1.3% during the fourth quarter. Principal Securities Inc. now owns 41,515 shares of the company’s stock worth $1,109,000 after purchasing an additional 550 shares during the period. Finally, AlphaCentric Advisors LLC increased its position in iShares Fallen Angels USD Bond ETF by 6.6% during the fourth quarter. AlphaCentric Advisors LLC now owns 9,443 shares of the company’s stock worth $252,000 after buying an additional 586 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ:FALN opened at $26.82 on Wednesday. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.90 and a 12-month high of $27.43. The stock’s 50 day moving average price is $26.96 and its two-hundred day moving average price is $27.03.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.1372 per share. The ex-dividend date was Monday, March 3rd.

iShares Fallen Angels USD Bond ETF 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.