Coombe Bender & Co LLC Raises Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Coombe Bender & Co LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 11.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,505 shares of the company’s stock after purchasing an additional 4,067 shares during the quarter. Coombe Bender & Co LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $1,069,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FALN. Glass Jacobson Investment Advisors llc acquired a new position in iShares Fallen Angels USD Bond ETF during the 3rd quarter valued at about $27,000. Private Trust Co. NA increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 19.6% in the fourth quarter. Private Trust Co. NA now owns 3,290 shares of the company’s stock valued at $87,000 after purchasing an additional 540 shares during the period. Consultiva Wealth Management CORP. acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the third quarter valued at about $98,000. Tennessee Valley Asset Management Partners acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter valued at about $149,000. Finally, Provence Wealth Management Group acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the third quarter valued at about $150,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.4 %

Shares of FALN stock traded up $0.11 during mid-day trading on Thursday, reaching $26.25. The stock had a trading volume of 171,182 shares, compared to its average volume of 775,247. The business’s fifty day moving average is $26.49 and its 200-day moving average is $26.10. iShares Fallen Angels USD Bond ETF has a 1-year low of $24.12 and a 1-year high of $26.92.

iShares Fallen Angels USD Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.133 per share. This represents a $1.60 annualized dividend and a yield of 6.08%. The ex-dividend date of this dividend is Wednesday, May 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.