Cambridge Investment Research Advisors Inc. Sells 35,160 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Cambridge Investment Research Advisors Inc. lowered its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 19.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 147,139 shares of the company’s stock after selling 35,160 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.23% of iShares Fallen Angels USD Bond ETF worth $3,854,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Mather Group LLC. raised its stake in iShares Fallen Angels USD Bond ETF by 6.5% in the 2nd quarter. Mather Group LLC. now owns 7,077,331 shares of the company’s stock worth $190,097,000 after purchasing an additional 432,656 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in iShares Fallen Angels USD Bond ETF by 63.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,385,363 shares of the company’s stock valued at $62,974,000 after buying an additional 921,570 shares during the last quarter. ESL Trust Services LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 0.7% during the fourth quarter. ESL Trust Services LLC now owns 1,030,491 shares of the company’s stock worth $27,205,000 after purchasing an additional 7,396 shares during the period. UBS Group AG grew its position in shares of iShares Fallen Angels USD Bond ETF by 20.6% in the 4th quarter. UBS Group AG now owns 979,606 shares of the company’s stock valued at $25,862,000 after buying an additional 167,472 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in iShares Fallen Angels USD Bond ETF by 182.5% in the first quarter. Cetera Investment Advisers now owns 768,476 shares of the company’s stock valued at $20,641,000 after acquiring an additional 496,455 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ:FALN opened at $27.12 on Friday. The business’s 50-day moving average is $26.65 and its 200-day moving average is $26.53. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.12 and a 1 year high of $27.23.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were paid a $0.1385 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.66 annualized dividend and a dividend yield of 6.13%. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

iShares Fallen Angels USD Bond ETF Company 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.