Two West Capital Advisors LLC Has $496,000 Stock Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Two West Capital Advisors LLC grew its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 95.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,568 shares of the company’s stock after acquiring an additional 9,089 shares during the quarter. Two West Capital Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $496,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Private Advisor Group LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 70.6% in the 3rd quarter. Private Advisor Group LLC now owns 17,134 shares of the company’s stock valued at $468,000 after buying an additional 7,092 shares in the last quarter. HighTower Advisors LLC grew its stake in iShares Fallen Angels USD Bond ETF by 360.5% in the third quarter. HighTower Advisors LLC now owns 38,861 shares of the company’s stock valued at $1,065,000 after acquiring an additional 30,422 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 16.7% in the third quarter. Janney Montgomery Scott LLC now owns 48,547 shares of the company’s stock worth $1,327,000 after acquiring an additional 6,957 shares in the last quarter. Breakwater Capital Group lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 8.2% during the 3rd quarter. Breakwater Capital Group now owns 293,959 shares of the company’s stock valued at $8,037,000 after purchasing an additional 22,196 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at approximately $49,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN stock opened at $27.10 on Monday. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.90 and a 52 week high of $27.43. The company’s 50 day moving average price is $26.96 and its two-hundred day moving average price is $26.97.

iShares Fallen Angels USD Bond ETF Cuts Dividend

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

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.