iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Sold by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP lessened its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 21.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 217,915 shares of the company’s stock after selling 59,827 shares during the quarter. Baker Avenue Asset Management LP’s holdings in iShares Fallen Angels USD Bond ETF were worth $5,958,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 70.6% in the third quarter. Private Advisor Group LLC now owns 17,134 shares of the company’s stock valued at $468,000 after purchasing an additional 7,092 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the second quarter valued at $49,000. Breakwater Capital Group boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 8.2% in the 3rd quarter. Breakwater Capital Group now owns 293,959 shares of the company’s stock valued at $8,037,000 after buying an additional 22,196 shares during the period. Cetera Investment Advisers raised its holdings in shares of 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 valued at $20,641,000 after purchasing an additional 496,455 shares in the last quarter. Finally, Comerica Bank lifted its holdings in iShares Fallen Angels USD Bond ETF by 4.4% during the 1st quarter. Comerica Bank now owns 33,285 shares of the company’s stock worth $894,000 after buying an additional 1,415 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 0.2 %

Shares of NASDAQ FALN traded up $0.06 during mid-day trading on Friday, reaching $27.18. The company had a trading volume of 637,706 shares, compared to its average volume of 712,210. iShares Fallen Angels USD Bond ETF has a 52-week low of $25.00 and a 52-week high of $27.43. The firm has a 50 day simple moving average of $27.13 and a two-hundred day simple moving average of $26.74.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a $0.1409 dividend. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a $1.69 annualized dividend and a yield of 6.22%. The ex-dividend date of this dividend was Friday, November 1st.

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.