Bell Investment Advisors Inc Purchases New Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Bell Investment Advisors Inc purchased a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the 2nd quarter, Holdings Channel reports. The fund purchased 3,318 shares of the company’s stock, valued at approximately $87,000.

Other large investors have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC acquired a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter worth about $33,000. Asset Dedication LLC acquired a new position in iShares Fallen Angels USD Bond ETF in the 2nd quarter worth about $34,000. Strategic Financial Concepts LLC increased its position in iShares Fallen Angels USD Bond ETF by 385.1% in the 2nd quarter. Strategic Financial Concepts LLC now owns 222,350 shares of the company’s stock worth $58,000 after purchasing an additional 176,515 shares during the last quarter. PNC Financial Services Group Inc. increased its position in 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 worth $88,000 after purchasing an additional 1,957 shares during the last quarter. Finally, Consultiva Wealth Management CORP. acquired a new position in iShares Fallen Angels USD Bond ETF in the 1st quarter worth about $106,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.1 %

Shares of FALN stock opened at $27.10 on Thursday. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $24.12 and a fifty-two week high of $27.23. The stock’s 50-day moving average is $26.78 and its two-hundred day moving average is $26.56.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.1348 per share. The ex-dividend date was Tuesday, September 3rd.

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.