Strategic Financial Concepts LLC Buys New Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Strategic Financial Concepts LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 44,195 shares of the company’s stock, valued at approximately $1,180,000. Strategic Financial Concepts LLC owned about 0.06% of iShares Fallen Angels USD Bond ETF at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FALN. Mather Group LLC. boosted its position in shares of iShares Fallen Angels USD Bond ETF by 6.4% in the fourth quarter. Mather Group LLC. now owns 9,566,735 shares of the company’s stock valued at $255,528,000 after acquiring an additional 575,494 shares during the period. Angeles Investment Advisors LLC raised its stake in iShares Fallen Angels USD Bond ETF by 39.8% during the 3rd quarter. Angeles Investment Advisors LLC now owns 1,294,400 shares of the company’s stock valued at $35,389,000 after purchasing an additional 368,400 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in iShares Fallen Angels USD Bond ETF by 52.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 831,984 shares of the company’s stock valued at $22,746,000 after purchasing an additional 287,900 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in iShares Fallen Angels USD Bond ETF in the 4th quarter worth $6,151,000. Finally, OneDigital Investment Advisors LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 53.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 602,539 shares of the company’s stock worth $16,473,000 after purchasing an additional 208,699 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Down 0.1 %

Shares of FALN opened at $27.00 on Wednesday. The company has a 50-day simple moving average of $26.91 and a 200-day simple moving average of $27.02. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.90 and a 52 week high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a $0.1433 dividend. This is a boost from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, February 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.