Abich Financial Wealth Management LLC reduced its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Free Report) by 22.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,610 shares of the company’s stock after selling 479 shares during the quarter. Abich Financial Wealth Management LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in FALN. SouthState Corp purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter valued at $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter valued at $33,000. First Horizon Advisors Inc. grew its position in iShares Fallen Angels USD Bond ETF by 120.7% during the 4th 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 period. Private Trust Co. NA raised its stake in shares of iShares Fallen Angels USD Bond ETF by 19.6% during the 4th quarter. Private Trust Co. NA now owns 3,290 shares of the company’s stock valued at $87,000 after buying an additional 540 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 143.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,323 shares of the company’s stock valued at $88,000 after buying an additional 1,957 shares during the period.
iShares Fallen Angels USD Bond ETF Stock Down 0.3 %
FALN stock traded down $0.09 during trading on Friday, hitting $26.58. 651,414 shares of the company traded hands, compared to its average volume of 720,502. 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 50-day simple moving average is $26.44 and its 200 day simple moving average is $26.49.
iShares Fallen Angels USD Bond ETF Increases Dividend
About iShares Fallen Angels USD Bond ETF
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.
Recommended Stories
- Five stocks we like better than iShares Fallen Angels USD Bond ETF
- Bank Stocks – Best Bank Stocks to Invest In
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- Stock Sentiment Analysis: How it Works
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- How to Choose Top Rated Stocks
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Want to see what other hedge funds are holding FALN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Free Report).
Receive News & Ratings for iShares Fallen Angels USD Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Fallen Angels USD Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.