Geneos Wealth Management Inc. Buys 5,406 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Geneos Wealth Management Inc. boosted its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 27.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,047 shares of the company’s stock after acquiring an additional 5,406 shares during the period. Geneos Wealth Management Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $673,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 19.6% during the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 12,523 shares of the company’s stock worth $336,000 after acquiring an additional 2,052 shares during the period. Absolute Capital Management LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 9.1% during the first quarter. Absolute Capital Management LLC now owns 8,786 shares of the company’s stock worth $236,000 after purchasing an additional 731 shares during the last quarter. Concourse Financial Group Securities Inc. lifted its stake in iShares Fallen Angels USD Bond ETF by 28.0% during the first quarter. Concourse Financial Group Securities Inc. now owns 15,998 shares of the company’s stock worth $430,000 after purchasing an additional 3,501 shares during the last quarter. Hartline Investment Corp acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the 1st quarter valued at $569,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of iShares Fallen Angels USD Bond ETF by 45.2% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 45,000 shares of the company’s stock valued at $1,209,000 after purchasing an additional 14,000 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 0.4 %

Shares of iShares Fallen Angels USD Bond ETF stock traded up $0.11 during midday trading on Thursday, hitting $26.51. 237,098 shares of the company traded hands, compared to its average volume of 722,596. The firm’s fifty day moving average price is $26.39 and its 200-day moving average price is $26.47. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.12 and a 12 month high of $26.92.

iShares Fallen Angels USD Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were given a $0.1379 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $1.65 annualized dividend and a yield of 6.24%.

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.