Detalus Advisors LLC Acquires New Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Detalus Advisors LLC acquired a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,964 shares of the company’s stock, valued at approximately $218,000.

Other institutional investors have also recently bought and sold shares of the company. Asset Dedication LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter worth about $34,000. Strategic Investment Solutions Inc. IL bought a new stake in iShares Fallen Angels USD Bond ETF in the second quarter valued at approximately $49,000. Bell Investment Advisors Inc acquired a new stake in iShares Fallen Angels USD Bond ETF in the second quarter worth $87,000. PNC Financial Services Group Inc. raised its holdings in iShares Fallen Angels USD Bond ETF by 143.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,323 shares of the company’s stock worth $88,000 after purchasing an additional 1,957 shares during the period. Finally, Consultiva Wealth Management CORP. bought a new position in shares of iShares Fallen Angels USD Bond ETF during the first quarter worth $106,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN traded down $0.09 during trading hours on Wednesday, reaching $26.97. The stock had a trading volume of 120,789 shares, compared to its average volume of 695,407. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.16 and a 52 week high of $27.43. The firm has a 50-day moving average of $27.15 and a 200 day moving average of $26.68.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a $0.1348 dividend. The ex-dividend date was Tuesday, September 3rd.

iShares Fallen Angels USD Bond ETF Company 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.