Tennessee Valley Asset Management Partners Purchases New Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Tennessee Valley Asset Management Partners acquired a new position 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 Securities & Exchange Commission. The firm acquired 5,654 shares of the company’s stock, valued at approximately $149,000.

Several other large investors have also modified their holdings of the business. US Financial Advisors LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 0.9% during the 3rd quarter. US Financial Advisors LLC now owns 74,294 shares of the company’s stock worth $1,842,000 after acquiring an additional 655 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 3.7% during the fourth quarter. Brookstone Capital Management now owns 27,834 shares of the company’s stock valued at $735,000 after purchasing an additional 995 shares during the period. Scotia Capital Inc. bought a new position in shares of iShares Fallen Angels USD Bond ETF in the third quarter worth about $217,000. Manning & Napier Group LLC purchased a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter worth about $1,992,000. Finally, Provence Wealth Management Group bought a new stake in iShares Fallen Angels USD Bond ETF during the 3rd quarter valued at about $150,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN stock opened at $26.16 on Tuesday. The company’s 50-day simple moving average is $26.53 and its two-hundred day simple moving average is $26.03. iShares Fallen Angels USD Bond ETF has a one year low of $24.12 and a one year high of $26.92.

iShares Fallen Angels USD Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.1692 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.03 annualized dividend and a yield of 7.76%.

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.