Thrivent Financial for Lutherans Has $4.95 Million Stock Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Thrivent Financial for Lutherans lessened its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALNFree Report) by 19.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,057 shares of the company’s stock after selling 43,427 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.27% of iShares Fallen Angels USD Bond ETF worth $4,950,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FALN. Mount Lucas Management LP increased its holdings in iShares Fallen Angels USD Bond ETF by 4.0% in the 3rd quarter. Mount Lucas Management LP now owns 65,857 shares of the company’s stock valued at $1,801,000 after buying an additional 2,535 shares during the period. Valley Wealth Managers Inc. boosted its position in shares of iShares Fallen Angels USD Bond ETF by 3.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 29,940 shares of the company’s stock valued at $819,000 after acquiring an additional 1,092 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in iShares Fallen Angels USD Bond ETF by 53.0% in the third quarter. OneDigital Investment Advisors LLC now owns 602,539 shares of the company’s stock valued at $16,473,000 after acquiring an additional 208,699 shares during the period. Angeles Investment Advisors LLC raised its position in iShares Fallen Angels USD Bond ETF by 39.8% in the third quarter. Angeles Investment Advisors LLC now owns 1,294,400 shares of the company’s stock worth $35,389,000 after purchasing an additional 368,400 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 3.8% during the third quarter. Cornerstone Planning Group LLC now owns 90,771 shares of the company’s stock worth $2,461,000 after purchasing an additional 3,356 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Down 0.0 %

NASDAQ FALN opened at $27.02 on Friday. iShares Fallen Angels USD Bond ETF has a 1-year low of $25.50 and a 1-year high of $27.43. The stock’s 50 day moving average is $27.12 and its two-hundred day moving average is $26.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a $0.1409 dividend. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.69 annualized dividend and a yield of 6.26%.

About iShares Fallen Angels USD Bond ETF

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding FALN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Fallen Angels USD Bond ETF (NASDAQ:FALNFree Report).

Institutional Ownership by Quarter for iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Receive News & Ratings for iShares Fallen Angels USD Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Fallen Angels USD Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.