Bay Colony Advisory Group Inc d b a Bay Colony Advisors Increases Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 20.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,901 shares of the company’s stock after purchasing an additional 5,955 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in iShares Fallen Angels USD Bond ETF were worth $932,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in iShares Fallen Angels USD Bond ETF in the fourth quarter worth $4,358,000. Oak Grove Capital LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter valued at $200,000. Wealth Advisory Solutions LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 8.1% during the 4th quarter. Wealth Advisory Solutions LLC now owns 54,808 shares of the company’s stock valued at $1,464,000 after buying an additional 4,129 shares during the last quarter. Detalus Advisors LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 23.4% during the 4th quarter. Detalus Advisors LLC now owns 9,831 shares of the company’s stock valued at $263,000 after buying an additional 1,867 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of iShares Fallen Angels USD Bond ETF by 53.7% during the 4th quarter. US Bancorp DE now owns 98,539 shares of the company’s stock valued at $2,632,000 after buying an additional 34,407 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 0.4 %

NASDAQ:FALN opened at $26.99 on Friday. iShares Fallen Angels USD Bond ETF has a 52-week low of $25.90 and a 52-week high of $27.43. The business’s fifty day moving average is $26.94 and its 200 day moving average is $27.04.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a dividend of $0.1372 per share. The ex-dividend date was Monday, March 3rd.

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.