Twin City Private Wealth LLC Cuts Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Twin City Private Wealth LLC cut its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 20.9% during the 4th quarter, Holdings Channel reports. The firm owned 7,652 shares of the company’s stock after selling 2,024 shares during the quarter. Twin City Private Wealth LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $204,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. raised its position in iShares Fallen Angels USD Bond ETF by 6.4% in the fourth quarter. Mather Group LLC. now owns 9,566,735 shares of the company’s stock worth $255,528,000 after acquiring an additional 575,494 shares during the period. LPL Financial LLC raised its position in iShares Fallen Angels USD Bond ETF by 3.3% in the fourth quarter. LPL Financial LLC now owns 1,984,243 shares of the company’s stock worth $52,999,000 after acquiring an additional 63,287 shares during the period. Allworth Financial LP raised its position in iShares Fallen Angels USD Bond ETF by 6.9% in the fourth quarter. Allworth Financial LP now owns 1,206,488 shares of the company’s stock worth $32,563,000 after acquiring an additional 77,996 shares during the period. Nomura Asset Management Co. Ltd. raised its position in iShares Fallen Angels USD Bond ETF by 52.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 831,984 shares of the company’s stock worth $22,746,000 after acquiring an additional 287,900 shares during the period. Finally, MML Investors Services LLC raised its position in iShares Fallen Angels USD Bond ETF by 11.0% in the third quarter. MML Investors Services LLC now owns 427,302 shares of the company’s stock worth $11,682,000 after acquiring an additional 42,327 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Down 0.1 %

Shares of FALN stock opened at $26.92 on Monday. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.90 and a 52 week high of $27.43. The firm’s 50-day simple moving average is $26.97 and its two-hundred day simple moving average is $27.02.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a $0.1372 dividend. The ex-dividend date was Monday, March 3rd.

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.