iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lowered its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,308 shares of the company’s stock after selling 4,380 shares during the quarter. Orion Portfolio Solutions LLC owned about 0.16% of iShares Fallen Angels USD Bond ETF worth $3,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in iShares Fallen Angels USD Bond ETF during the 3rd quarter valued at approximately $55,000. Oak Grove Capital LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter valued at $200,000. Cornerstone Wealth Management LLC purchased a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter worth $204,000. Wrapmanager Inc. acquired a new stake in iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $227,000. Finally, Copperleaf Capital LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $229,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ:FALN opened at $26.79 on Tuesday. iShares Fallen Angels USD Bond ETF has a 52-week low of $25.90 and a 52-week high of $27.43. The business has a 50-day moving average price of $26.97 and a 200-day moving average price of $27.01.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1372 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.