Asset Allocation Strategies LLC Reduces Stock Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Asset Allocation Strategies LLC trimmed its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 13.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 301,083 shares of the company’s stock after selling 45,788 shares during the period. iShares Fallen Angels USD Bond ETF accounts for about 2.3% of Asset Allocation Strategies LLC’s holdings, making the stock its 13th largest holding. Asset Allocation Strategies LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $8,232,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in FALN. Western Financial Corp CA raised its holdings in iShares Fallen Angels USD Bond ETF by 1.5% during the third quarter. Western Financial Corp CA now owns 25,771 shares of the company’s stock worth $705,000 after purchasing an additional 390 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 2.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 19,733 shares of the company’s stock valued at $540,000 after purchasing an additional 415 shares during the last quarter. Insight Wealth Partners LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 0.5% in the 2nd quarter. Insight Wealth Partners LLC now owns 101,950 shares of the company’s stock valued at $2,670,000 after purchasing an additional 482 shares in the last quarter. Invst LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 3.7% in the 2nd quarter. Invst LLC now owns 17,461 shares of the company’s stock valued at $454,000 after acquiring an additional 630 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its position in iShares Fallen Angels USD Bond ETF by 3.9% in the second quarter. Dynamic Advisor Solutions LLC now owns 17,928 shares of the company’s stock valued at $470,000 after purchasing an additional 666 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN stock opened at $27.22 on Wednesday. The firm has a fifty day simple moving average of $27.09 and a 200-day simple moving average of $26.86. iShares Fallen Angels USD Bond ETF has a twelve month low of $25.81 and a twelve month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, December 2nd were issued a $0.1372 dividend. The ex-dividend date was Monday, December 2nd. This is a boost from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.13.

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.