Freedom Investment Management Inc. Sells 2,129 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Freedom Investment Management Inc. cut its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 6.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,874 shares of the company’s stock after selling 2,129 shares during the quarter. Freedom Investment Management Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FALN. Insight Wealth Partners LLC boosted its stake in iShares Fallen Angels USD Bond ETF by 5.5% during the third quarter. Insight Wealth Partners LLC now owns 107,533 shares of the company’s stock worth $2,940,000 after acquiring an additional 5,583 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of iShares Fallen Angels USD Bond ETF by 8.4% in the 3rd quarter. D.A. Davidson & CO. now owns 35,662 shares of the company’s stock worth $975,000 after purchasing an additional 2,754 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in shares of iShares Fallen Angels USD Bond ETF by 2.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 19,733 shares of the company’s stock worth $540,000 after buying an additional 415 shares during the last quarter. Optivise Advisory Services LLC bought a new position in iShares Fallen Angels USD Bond ETF during the 3rd quarter valued at approximately $4,159,000. Finally, Great Valley Advisor Group Inc. raised its position in shares of iShares Fallen Angels USD Bond ETF by 21.7% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 164,535 shares of the company’s stock worth $4,498,000 after purchasing an additional 29,368 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

iShares Fallen Angels USD Bond ETF stock opened at $27.21 on Friday. The stock has a fifty day simple moving average of $27.11 and a two-hundred day simple moving average of $26.81. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.57 and a 12 month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a dividend of $0.1409 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.69 annualized dividend and a dividend yield of 6.21%. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

About iShares Fallen Angels USD Bond ETF

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.