Prime Capital Investment Advisors LLC Has $1.05 Million Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Prime Capital Investment Advisors LLC decreased its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 7.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,450 shares of the company’s stock after selling 3,004 shares during the quarter. Prime Capital Investment Advisors LLC owned about 0.06% of iShares Fallen Angels USD Bond ETF worth $1,051,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of FALN. Mather Group LLC. grew its holdings in iShares Fallen Angels USD Bond ETF by 27.0% in the third quarter. Mather Group LLC. now owns 8,991,241 shares of the company’s stock worth $245,821,000 after purchasing an additional 1,913,910 shares during the period. Cetera Investment Advisers grew its stake in shares of iShares Fallen Angels USD Bond ETF by 182.5% in the 1st quarter. Cetera Investment Advisers now owns 768,476 shares of the company’s stock valued at $20,641,000 after buying an additional 496,455 shares during the period. Toews Corp ADV bought a new stake in iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at about $6,927,000. Strategic Financial Concepts LLC raised its stake in iShares Fallen Angels USD Bond ETF by 385.1% during the 2nd quarter. Strategic Financial Concepts LLC now owns 222,350 shares of the company’s stock worth $58,000 after buying an additional 176,515 shares during the period. Finally, Diversify Wealth Management LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the 2nd quarter worth approximately $4,129,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $27.01 on Friday. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.30 and a 52 week high of $27.43. The stock has a 50 day moving average price of $27.13 and a two-hundred day moving average price of $26.76.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a $0.1409 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.69 annualized dividend and a yield of 6.26%. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.