Cumberland Partners Ltd Acquires 11,600 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Cumberland Partners Ltd grew its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 34.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,200 shares of the company’s stock after purchasing an additional 11,600 shares during the period. Cumberland Partners Ltd’s holdings in iShares Fallen Angels USD Bond ETF were worth $1,207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FALN. Wilmington Savings Fund Society FSB acquired a new position in iShares Fallen Angels USD Bond ETF during the third quarter worth $55,000. Outlook Wealth Advisors LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter worth about $203,000. Saxony Capital Management LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter worth about $208,000. Cornerstone Wealth Management LLC bought a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $204,000. Finally, Detalus Advisors LLC acquired a new position in iShares Fallen Angels USD Bond ETF in the third quarter valued at about $218,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.1 %

NASDAQ FALN opened at $27.02 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 company has a 50 day moving average of $26.90 and a 200-day moving average of $27.02.

iShares Fallen Angels USD Bond ETF Increases Dividend

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

About iShares Fallen Angels USD Bond ETF

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.