iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC lessened its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,653 shares of the company’s stock after selling 16,674 shares during the quarter. Manning & Napier Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $2,448,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of FALN. Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 78.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 18,435 shares of the company’s stock worth $483,000 after purchasing an additional 8,133 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the second quarter worth about $49,000. Sanctuary Advisors LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the second quarter worth about $535,000. Breakwater Capital Group increased its position in shares of iShares Fallen Angels USD Bond ETF by 8.2% during the third quarter. Breakwater Capital Group now owns 293,959 shares of the company’s stock worth $8,037,000 after acquiring an additional 22,196 shares during the last quarter. Finally, Alpha Financial Partners LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the third quarter worth about $223,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.1 %

Shares of NASDAQ FALN opened at $27.12 on Friday. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.90 and a 1 year high of $27.43. The stock’s 50-day simple moving average is $26.96 and its 200-day simple moving average is $26.98.

iShares Fallen Angels USD Bond ETF Cuts Dividend

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

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.