iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Purchased by Coombe Bender & Co LLC

Coombe Bender & Co LLC boosted its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,505 shares of the company’s stock after purchasing an additional 4,067 shares during the period. Coombe Bender & Co LLC owned about 0.06% of iShares Fallen Angels USD Bond ETF worth $1,069,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in FALN. Mather Group LLC. increased its holdings in iShares Fallen Angels USD Bond ETF by 5.4% in the fourth quarter. Mather Group LLC. now owns 6,673,371 shares of the company’s stock valued at $176,177,000 after buying an additional 341,019 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of iShares Fallen Angels USD Bond ETF by 1.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,352,600 shares of the company’s stock worth $33,544,000 after purchasing an additional 23,500 shares in the last quarter. Angeles Investment Advisors LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter worth approximately $26,431,000. ESL Trust Services LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 2.1% during the 3rd quarter. ESL Trust Services LLC now owns 1,023,095 shares of the company’s stock worth $25,373,000 after purchasing an additional 20,711 shares in the last quarter. Finally, Wright Fund Management LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter worth approximately $24,341,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.4 %

Shares of FALN traded up $0.11 during mid-day trading on Thursday, reaching $26.25. 171,182 shares of the company’s stock were exchanged, compared to its average volume of 775,247. The company has a 50-day simple moving average of $26.49 and a two-hundred day simple moving average of $26.10. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.12 and a 52-week high of $26.92.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd will be paid a dividend of $0.133 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.08%.

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.