Mount Lucas Management LP Acquires 2,535 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Mount Lucas Management LP increased its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,857 shares of the company’s stock after acquiring an additional 2,535 shares during the quarter. Mount Lucas Management LP owned 0.10% of iShares Fallen Angels USD Bond ETF worth $1,801,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Asset Dedication LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the second quarter worth $34,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at about $49,000. Bell Investment Advisors Inc acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at about $87,000. Consultiva Wealth Management CORP. bought a new stake in iShares Fallen Angels USD Bond ETF in the 1st quarter valued at about $106,000. Finally, First Horizon Advisors Inc. raised its stake in iShares Fallen Angels USD Bond ETF by 102.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 5,277 shares of the company’s stock worth $138,000 after buying an additional 2,665 shares during the period.

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 $25.33 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 company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.1409 dividend. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date of this dividend was Friday, November 1st.

iShares Fallen Angels USD Bond ETF Company 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.