Sanctuary Advisors LLC Lowers Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Sanctuary Advisors LLC reduced its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 59.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,250 shares of the company’s stock after selling 12,129 shares during the quarter. Sanctuary Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Virtue Capital Management LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 0.6% during the 3rd quarter. Virtue Capital Management LLC now owns 70,213 shares of the company’s stock worth $1,920,000 after acquiring an additional 401 shares during the period. Executive Wealth Management LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 10.6% in the 3rd quarter. Executive Wealth Management LLC now owns 324,004 shares of the company’s stock valued at $8,858,000 after purchasing an additional 31,055 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of iShares Fallen Angels USD Bond ETF by 52.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 831,984 shares of the company’s stock valued at $22,746,000 after buying an additional 287,900 shares during the period. MML Investors Services LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 11.0% during the 3rd quarter. MML Investors Services LLC now owns 427,302 shares of the company’s stock worth $11,682,000 after buying an additional 42,327 shares during the last quarter. Finally, IHT Wealth Management LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 87.9% in the 3rd quarter. IHT Wealth Management LLC now owns 31,099 shares of the company’s stock worth $849,000 after buying an additional 14,546 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

FALN stock opened at $26.73 on Monday. The stock has a 50-day moving average price of $27.02 and a two-hundred day moving average price of $26.90. 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 Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.1371 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.