Valley Wealth Managers Inc. Has $850,000 Stock Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Valley Wealth Managers Inc. increased its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,827 shares of the company’s stock after buying an additional 1,887 shares during the quarter. Valley Wealth Managers Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $850,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 6.4% in the fourth quarter. Mather Group LLC. now owns 9,566,735 shares of the company’s stock valued at $255,528,000 after acquiring an additional 575,494 shares in the last quarter. Angeles Investment Advisors LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 39.8% in the third quarter. Angeles Investment Advisors LLC now owns 1,294,400 shares of the company’s stock valued at $35,389,000 after acquiring an additional 368,400 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 52.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 831,984 shares of the company’s stock valued at $22,746,000 after acquiring an additional 287,900 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter valued at approximately $6,151,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter valued at approximately $5,839,000.

iShares Fallen Angels USD Bond ETF Stock Down 0.1 %

FALN stock opened at $27.00 on Wednesday. The business has a 50 day moving average of $26.91 and a 200-day moving average of $27.02. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.90 and a 12-month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a $0.1433 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14.

iShares Fallen Angels USD Bond ETF 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.