Mutual Advisors LLC Sells 526 Shares of iShares Fallen Angels USD Bond ETF $FALN

Mutual Advisors LLC cut its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,842 shares of the company’s stock after selling 526 shares during the period. Mutual Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $213,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Wolff Wiese Magana LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 86.9% during the 2nd quarter. Wolff Wiese Magana LLC now owns 1,125 shares of the company’s stock worth $31,000 after purchasing an additional 523 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 26.8% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 1,904 shares of the company’s stock worth $51,000 after purchasing an additional 403 shares in the last quarter. Olde Wealth Management LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter worth approximately $53,000. Finally, Anderson Financial Strategies LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter worth approximately $55,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ:FALN opened at $27.57 on Wednesday. iShares Fallen Angels USD Bond ETF has a 1-year low of $24.82 and a 1-year high of $27.79. The business’s 50 day moving average is $27.48 and its 200-day moving average is $26.88.

iShares Fallen Angels USD Bond ETF Increases Dividend

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

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.