Symphony Financial Ltd. Co. Boosts Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Symphony Financial Ltd. Co. boosted its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,521 shares of the company’s stock after buying an additional 1,037 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in iShares Fallen Angels USD Bond ETF were worth $605,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FALN. SouthState Corp purchased a new position in iShares Fallen Angels USD Bond ETF in the fourth quarter valued at $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth about $33,000. First Horizon Advisors Inc. grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 120.7% during the fourth quarter. First Horizon Advisors Inc. now owns 2,079 shares of the company’s stock worth $55,000 after purchasing an additional 1,137 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 19.6% during the fourth quarter. Private Trust Co. NA now owns 3,290 shares of the company’s stock worth $87,000 after purchasing an additional 540 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 143.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,323 shares of the company’s stock worth $88,000 after purchasing an additional 1,957 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN stock traded down $0.08 during mid-day trading on Friday, hitting $26.19. 992,847 shares of the stock were exchanged, compared to its average volume of 728,996. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.12 and a 12-month high of $26.92. The stock’s fifty day simple moving average is $26.38 and its two-hundred day simple moving average is $26.47.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.1414 per share. The ex-dividend date was Monday, June 3rd. This represents a $1.70 annualized dividend and a dividend yield of 6.48%.

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.