Capital Wealth Management LLC Purchases 4,501 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Capital Wealth Management LLC grew its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 3.0% during the third quarter, Holdings Channel reports. The institutional investor owned 154,810 shares of the company’s stock after purchasing an additional 4,501 shares during the quarter. iShares Fallen Angels USD Bond ETF accounts for 1.8% of Capital Wealth Management LLC’s holdings, making the stock its 16th largest holding. Capital Wealth Management LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $4,233,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Dedication LLC bought a new position in iShares Fallen Angels USD Bond ETF in the 2nd quarter worth approximately $34,000. Strategic Investment Solutions Inc. IL bought a new position in shares of iShares Fallen Angels USD Bond ETF in the second quarter worth $49,000. Bell Investment Advisors Inc purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the second quarter valued at $87,000. PNC Financial Services Group Inc. raised its stake in shares of iShares Fallen Angels USD Bond ETF by 143.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,323 shares of the company’s stock valued at $88,000 after purchasing an additional 1,957 shares during the period. Finally, Consultiva Wealth Management CORP. purchased a new stake in iShares Fallen Angels USD Bond ETF during the 1st quarter worth about $106,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.1 %

NASDAQ FALN traded up $0.04 during trading hours on Friday, hitting $27.20. The company had a trading volume of 396,246 shares, compared to its average volume of 699,639. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.12 and a 52 week high of $27.43. The firm has a 50 day simple moving average of $27.14 and a 200 day simple moving average of $26.67.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a $0.1348 dividend. The ex-dividend date of this dividend was Tuesday, September 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.