iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Sold by Jane Street Group LLC

Posted by MarketBeat News on Jan 12th, 2025

Jane Street Group LLC trimmed its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Free Report) by 98.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,521 shares of the company’s stock after selling 472,427 shares during the quarter. Jane Street Group LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $233,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in iShares Fallen Angels USD Bond ETF in the second quarter valued at $49,000. Outlook Wealth Advisors LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the third quarter valued at $203,000. Saxony Capital Management LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the third quarter valued at $208,000. Detalus Advisors LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the third quarter valued at $218,000. Finally, Alpha Financial Partners LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the third quarter valued at $223,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ FALN opened at $26.69 on Friday. 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 firm’s 50-day simple moving average is $26.98 and its 200 day simple moving average is $26.92.

iShares Fallen Angels USD Bond ETF Cuts Dividend

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The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.1371 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date of this dividend was Wednesday, December 18th.

iShares Fallen Angels USD Bond ETF Profile

(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.