NTV Asset Management LLC Has $643,000 Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

NTV Asset Management LLC reduced its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 14.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,350 shares of the company’s stock after selling 4,000 shares during the quarter. NTV Asset Management LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $643,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Financial Advisors LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 0.9% in the 3rd quarter. US Financial Advisors LLC now owns 74,294 shares of the company’s stock worth $1,842,000 after purchasing an additional 655 shares during the last quarter. Brookstone Capital Management lifted its holdings in iShares Fallen Angels USD Bond ETF by 3.7% in the 4th quarter. Brookstone Capital Management now owns 27,834 shares of the company’s stock worth $735,000 after purchasing an additional 995 shares during the last quarter. Scotia Capital Inc. acquired a new stake in iShares Fallen Angels USD Bond ETF in the 3rd quarter worth approximately $217,000. Saxony Capital Management LLC bought a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter worth approximately $220,000. Finally, Manning & Napier Group LLC bought a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter worth approximately $1,992,000.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ FALN traded up $0.11 during trading on Friday, hitting $26.42. The company’s stock had a trading volume of 1,712,922 shares, compared to its average volume of 789,758. The firm has a 50 day moving average price of $26.49 and a 200 day moving average price of $26.15. 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 Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd will be given a $0.133 dividend. This represents a $1.60 annualized dividend and a yield of 6.04%. The ex-dividend date is Wednesday, May 1st.

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.