Parcion Private Wealth LLC Has $1.26 Million Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Parcion Private Wealth LLC decreased its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,193 shares of the company’s stock after selling 2,176 shares during the period. Parcion Private Wealth LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $1,262,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter valued at approximately $33,000. PNC Financial Services Group Inc. boosted its stake in iShares Fallen Angels USD Bond ETF by 143.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,323 shares of the company’s stock valued at $88,000 after acquiring an additional 1,957 shares during the last quarter. Consultiva Wealth Management CORP. bought a new position in iShares Fallen Angels USD Bond ETF in the first quarter valued at approximately $106,000. Scarborough Advisors LLC bought a new position in iShares Fallen Angels USD Bond ETF in the fourth quarter valued at approximately $115,000. Finally, First Horizon Advisors Inc. boosted its stake in iShares Fallen Angels USD Bond ETF by 102.0% in the second quarter. First Horizon Advisors Inc. now owns 5,277 shares of the company’s stock valued at $138,000 after acquiring an additional 2,665 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

FALN stock traded down $0.05 during midday trading on Friday, reaching $27.06. The company’s stock had a trading volume of 887,538 shares, compared to its average volume of 717,269. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.12 and a 52 week high of $27.23. The business’s 50-day simple moving average is $26.72 and its 200-day simple moving average is $26.55.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a $0.1348 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.