VCI Wealth Management LLC Purchases New Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

VCI Wealth Management LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 10,152 shares of the company’s stock, valued at approximately $268,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mather Group LLC. increased its holdings in iShares Fallen Angels USD Bond ETF by 5.9% in the 3rd quarter. Mather Group LLC. now owns 6,332,352 shares of the company’s stock worth $157,042,000 after acquiring an additional 352,212 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of iShares Fallen Angels USD Bond ETF by 1.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,352,600 shares of the company’s stock worth $33,544,000 after purchasing an additional 23,500 shares during the last quarter. Angeles Investment Advisors LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the third quarter valued at about $26,431,000. ESL Trust Services LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 2.1% in the third quarter. ESL Trust Services LLC now owns 1,023,095 shares of the company’s stock valued at $25,373,000 after acquiring an additional 20,711 shares in the last quarter. Finally, Wright Fund Management LLC purchased a new position in iShares Fallen Angels USD Bond ETF in the third quarter valued at about $24,341,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN stock traded up $0.06 during trading hours on Friday, reaching $26.23. 525,150 shares of the company’s stock were exchanged, compared to its average volume of 779,859. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.12 and a 1 year high of $26.92. The stock’s fifty day moving average price is $26.51 and its two-hundred day moving average price is $26.05.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a $0.1692 dividend. This represents a $2.03 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date was Monday, April 1st.

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.