iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Stake Raised by First Horizon Advisors Inc.

First Horizon Advisors Inc. grew its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 21.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,998 shares of the company’s stock after purchasing an additional 2,099 shares during the period. First Horizon Advisors Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Private Advisor Group LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 70.6% during 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 during the last quarter. Atomi Financial Group Inc. lifted its position in shares of iShares Fallen Angels USD Bond ETF by 7.5% during the 4th quarter. Atomi Financial Group Inc. now owns 9,835 shares of the company’s stock valued at $263,000 after acquiring an additional 683 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 360.5% during the 3rd quarter. HighTower Advisors LLC now owns 38,861 shares of the company’s stock valued at $1,065,000 after acquiring an additional 30,422 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 16.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 48,547 shares of the company’s stock worth $1,327,000 after acquiring an additional 6,957 shares in the last quarter. Finally, Beacon Financial Advisory LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter worth $234,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.5 %

Shares of iShares Fallen Angels USD Bond ETF stock opened at $27.07 on Wednesday. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.90 and a 12-month high of $27.43. The stock’s fifty day moving average is $26.89 and its 200-day moving average is $27.03.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.1433 per share. The ex-dividend date was Monday, February 3rd. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14.

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.