iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Stake Raised by Continuum Wealth Advisors LLC

Continuum Wealth Advisors LLC raised its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 254,497 shares of the company’s stock after acquiring an additional 4,901 shares during the period. iShares Fallen Angels USD Bond ETF makes up 4.4% of Continuum Wealth Advisors LLC’s portfolio, making the stock its 8th biggest position. Continuum Wealth Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $6,719,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in shares of iShares Fallen Angels USD Bond ETF by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,885 shares of the company’s stock valued at $46,000 after buying an additional 492 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in iShares Fallen Angels USD Bond ETF by 7.9% in the first quarter. First Horizon Advisors Inc. now owns 6,770 shares of the company’s stock valued at $171,000 after acquiring an additional 495 shares during the period. Private Trust Co. NA lifted its holdings in iShares Fallen Angels USD Bond ETF by 19.6% in the fourth quarter. Private Trust Co. NA now owns 3,290 shares of the company’s stock valued at $87,000 after acquiring an additional 540 shares during the period. Advisory Services Network LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 2.5% in the first quarter. Advisory Services Network LLC now owns 26,174 shares of the company’s stock valued at $661,000 after acquiring an additional 641 shares during the period. Finally, US Financial Advisors LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 0.9% in the third quarter. US Financial Advisors LLC now owns 74,294 shares of the company’s stock valued at $1,842,000 after acquiring an additional 655 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Up 0.2 %

Shares of NASDAQ FALN traded up $0.04 during trading on Wednesday, hitting $26.07. The company had a trading volume of 845,489 shares, compared to its average volume of 810,217. The stock has a 50 day simple moving average of $26.57 and a 200 day simple moving average of $25.98. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.12 and a 12 month high of $26.92.

iShares Fallen Angels USD Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were paid a $0.1692 dividend. This represents a $2.03 annualized dividend and a dividend yield of 7.79%. The ex-dividend date of this dividend was Monday, April 1st.

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.