iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Stake Boosted by Two West Capital Advisors LLC

Two West Capital Advisors LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 95.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,568 shares of the company’s stock after purchasing an additional 9,089 shares during the period. Two West Capital Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $496,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FALN. Kingswood Wealth Advisors LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter worth about $379,000. Petix & Botte Co bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth $2,701,000. First Citizens Bank & Trust Co. grew its stake in iShares Fallen Angels USD Bond ETF by 39.8% in the 4th quarter. First Citizens Bank & Trust Co. now owns 73,795 shares of the company’s stock valued at $1,971,000 after buying an additional 21,003 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in iShares Fallen Angels USD Bond ETF by 35.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 39,066 shares of the company’s stock worth $1,043,000 after acquiring an additional 10,246 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 40.7% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 29,049 shares of the company’s stock valued at $776,000 after acquiring an additional 8,400 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Up 0.2 %

iShares Fallen Angels USD Bond ETF stock opened at $27.10 on Monday. The business’s 50-day simple moving average is $26.96 and its 200-day simple moving average is $26.97. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.90 and a 52 week high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.1371 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.64 annualized dividend and a yield of 6.07%.

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.