SigFig Wealth Management LLC Increases Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

SigFig Wealth Management LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 13.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,485 shares of the company’s stock after buying an additional 977 shares during the period. SigFig Wealth Management LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $222,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in shares of iShares Fallen Angels USD Bond ETF by 63.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,385,363 shares of the company’s stock valued at $62,974,000 after acquiring an additional 921,570 shares during the period. Cetera Investment Advisers raised its position in iShares Fallen Angels USD Bond ETF by 182.5% in the 1st quarter. Cetera Investment Advisers now owns 768,476 shares of the company’s stock worth $20,641,000 after purchasing an additional 496,455 shares during the period. Procyon Advisors LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the first quarter worth about $12,111,000. Mather Group LLC. boosted its position in shares of iShares Fallen Angels USD Bond ETF by 6.5% during the second quarter. Mather Group LLC. now owns 7,077,331 shares of the company’s stock valued at $190,097,000 after buying an additional 432,656 shares during the period. Finally, Toews Corp ADV bought a new position in shares of iShares Fallen Angels USD Bond ETF during the second quarter valued at approximately $6,927,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN stock opened at $27.20 on Monday. The stock has a 50 day moving average price of $26.81 and a 200 day moving average price of $26.57. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.12 and a 52-week high of $27.23.

iShares Fallen Angels USD Bond ETF Announces Dividend

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

iShares Fallen Angels USD Bond ETF 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.