Oak Grove Capital LLC Makes New $200,000 Investment in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Oak Grove Capital LLC bought a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,500 shares of the company’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in iShares Fallen Angels USD Bond ETF during the 3rd quarter valued at about $55,000. Cornerstone Wealth Management LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter valued at approximately $204,000. Wrapmanager Inc. purchased a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter worth approximately $227,000. Copperleaf Capital LLC bought a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter valued at approximately $229,000. Finally, Beacon Financial Advisory LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the 4th quarter valued at $234,000.

iShares Fallen Angels USD Bond ETF Price Performance

iShares Fallen Angels USD Bond ETF stock opened at $26.95 on Wednesday. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.90 and a 12 month high of $27.43. The stock has a fifty day simple moving average of $26.93 and a two-hundred day simple moving average of $27.04.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be issued a $0.1372 dividend. The ex-dividend date of this dividend is Monday, March 3rd.

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.