Raymond James Financial Inc. Invests $4.36 Million in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Raymond James Financial Inc. purchased a new stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the 4th quarter, HoldingsChannel reports. The fund purchased 163,146 shares of the company’s stock, valued at approximately $4,358,000.

Several other institutional investors and hedge funds have also made changes to their positions in FALN. Kingsview Wealth Management LLC grew its stake in iShares Fallen Angels USD Bond ETF by 2.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 19,733 shares of the company’s stock valued at $540,000 after acquiring an additional 415 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of iShares Fallen Angels USD Bond ETF by 8.4% in the 3rd quarter. D.A. Davidson & CO. now owns 35,662 shares of the company’s stock valued at $975,000 after purchasing an additional 2,754 shares during the period. Insight Wealth Partners LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 5.5% during the 3rd quarter. Insight Wealth Partners LLC now owns 107,533 shares of the company’s stock worth $2,940,000 after buying an additional 5,583 shares during the last quarter. HighTower Advisors LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 360.5% in the 3rd quarter. HighTower Advisors LLC now owns 38,861 shares of the company’s stock valued at $1,065,000 after purchasing an additional 30,422 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 87.9% during 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 Stock Down 0.4 %

Shares of NASDAQ FALN opened at $26.87 on Thursday. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.90 and a fifty-two week high of $27.43. The business has a fifty day moving average price of $26.98 and a two-hundred day moving average price of $27.02.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1372 per share. The ex-dividend date was 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.