M.E. Allison & CO. Inc. Invests $1.25 Million in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

M.E. Allison & CO. Inc. acquired a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 46,695 shares of the company’s stock, valued at approximately $1,247,000. iShares Fallen Angels USD Bond ETF comprises about 1.4% of M.E. Allison & CO. Inc.’s portfolio, making the stock its 19th largest position. M.E. Allison & CO. Inc. owned 0.06% of iShares Fallen Angels USD Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter valued at about $49,000. Wilmington Savings Fund Society FSB acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter valued at about $55,000. Outlook Wealth Advisors LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter valued at about $203,000. Saxony Capital Management LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at approximately $208,000. Finally, Detalus Advisors LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at approximately $218,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.1 %

FALN opened at $26.99 on Monday. The stock’s 50 day moving average price is $26.96 and its two-hundred day moving average price is $26.95. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.90 and a 12-month high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.1371 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date was Wednesday, December 18th.

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.