Valley Wealth Managers Inc. Purchases 1,887 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Valley Wealth Managers Inc. raised its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 6.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 31,827 shares of the company’s stock after acquiring an additional 1,887 shares during the quarter. Valley Wealth Managers Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the third quarter worth $55,000. Outlook Wealth Advisors LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the third quarter worth $203,000. Cornerstone Wealth Management LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth $204,000. Saxony Capital Management LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the third quarter worth $208,000. Finally, Detalus Advisors LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the third quarter worth $218,000.

iShares Fallen Angels USD Bond ETF Trading Down 0.1 %

Shares of FALN stock opened at $27.00 on Wednesday. iShares Fallen Angels USD Bond ETF has a 52-week low of $25.90 and a 52-week high of $27.43. The business’s fifty day moving average is $26.91 and its 200 day moving average is $27.02.

iShares Fallen Angels USD Bond ETF Increases Dividend

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

iShares Fallen Angels USD Bond ETF 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.