L.K. Benson & Company P.C. Purchases New Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

L.K. Benson & Company P.C. acquired a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,194 shares of the company’s stock, valued at approximately $620,000.

Other hedge funds also recently modified their holdings of the company. Brooklyn FI LLC bought a new stake in iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $3,192,000. Thrivent Financial for Lutherans boosted its stake in iShares Fallen Angels USD Bond ETF by 5.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 190,350 shares of the company’s stock worth $5,084,000 after purchasing an additional 9,293 shares in the last quarter. Addison Capital Co grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 10.1% during the fourth quarter. Addison Capital Co now owns 50,401 shares of the company’s stock worth $1,346,000 after purchasing an additional 4,618 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in shares of iShares Fallen Angels USD Bond ETF by 16.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 17,620 shares of the company’s stock valued at $471,000 after buying an additional 2,480 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 63.6% in the fourth quarter. Farther Finance Advisors LLC now owns 14,262 shares of the company’s stock valued at $381,000 after buying an additional 5,545 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ:FALN opened at $26.82 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 company’s 50-day moving average price is $26.96 and its two-hundred day moving average price is $27.03.

iShares Fallen Angels USD Bond ETF Cuts Dividend

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

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.