Dynamic Advisor Solutions LLC Grows Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Dynamic Advisor Solutions LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 40.7% in the 4th quarter, Holdings Channel reports. The fund owned 29,049 shares of the company’s stock after acquiring an additional 8,400 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $776,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FALN. Impact Partnership Wealth LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 7.4% during the fourth quarter. Impact Partnership Wealth LLC now owns 94,179 shares of the company’s stock worth $2,516,000 after purchasing an additional 6,468 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter worth $204,000. Atomi Financial Group Inc. lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 7.5% in the 4th quarter. Atomi Financial Group Inc. now owns 9,835 shares of the company’s stock worth $263,000 after acquiring an additional 683 shares during the period. M.E. Allison & CO. Inc. acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth about $1,247,000. Finally, FOCUS Wealth Advisors LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 0.8% during the fourth quarter. FOCUS Wealth Advisors LLC now owns 67,698 shares of the company’s stock worth $1,808,000 after purchasing an additional 534 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ:FALN opened at $27.10 on Monday. The company has a 50-day moving average price of $26.96 and a 200 day moving average price of $26.97. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.90 and a 52 week high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.1371 per share. This represents a $1.64 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.