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

Sovran Advisors LLC bought 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 SEC. The institutional investor bought 16,220 shares of the company’s stock, valued at approximately $432,000.

A number of other hedge funds also recently added to or reduced their stakes in FALN. Wilmington Savings Fund Society FSB purchased a new position in iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at approximately $55,000. Outlook Wealth Advisors LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the third quarter valued at $203,000. Cornerstone Wealth Management LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter valued at $204,000. Saxony Capital Management LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth about $208,000. Finally, Detalus Advisors LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth about $218,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ FALN opened at $26.86 on Thursday. 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 moving average is $26.93 and its two-hundred day moving average is $27.01.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a $0.1433 dividend. The ex-dividend date was Monday, February 3rd. This is an increase from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14.

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.