Glassy Mountain Advisors Inc. Grows Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Glassy Mountain Advisors Inc. boosted its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 10.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 119,736 shares of the company’s stock after buying an additional 10,837 shares during the quarter. Glassy Mountain Advisors Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $3,198,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Private Advisor Group LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 70.6% during the 3rd quarter. Private Advisor Group LLC now owns 17,134 shares of the company’s stock valued at $468,000 after purchasing an additional 7,092 shares during the last quarter. Atomi Financial Group Inc. increased its position in shares of iShares Fallen Angels USD Bond ETF by 7.5% during the 4th quarter. Atomi Financial Group Inc. now owns 9,835 shares of the company’s stock valued at $263,000 after purchasing an additional 683 shares during the last quarter. HighTower Advisors LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 360.5% during the 3rd quarter. HighTower Advisors LLC now owns 38,861 shares of the company’s stock valued at $1,065,000 after purchasing an additional 30,422 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 16.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 48,547 shares of the company’s stock valued at $1,327,000 after purchasing an additional 6,957 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its stake in shares of iShares Fallen Angels USD Bond ETF by 2.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 19,733 shares of the company’s stock worth $540,000 after acquiring an additional 415 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Down 0.1 %

FALN stock opened at $27.03 on Friday. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.90 and a fifty-two week high of $27.43. The stock has a fifty day moving average of $26.95 and a 200-day moving average of $27.00.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.1433 per share. This is an increase from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14. The ex-dividend date was Monday, February 3rd.

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.