Freedom Investment Management Inc. Trims Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Freedom Investment Management Inc. reduced its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,012 shares of the company’s stock after selling 862 shares during the period. Freedom Investment Management Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $802,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FALN. Atomi Financial Group Inc. boosted its stake in 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 purchasing an additional 683 shares in the last quarter. Beacon Financial Advisory LLC purchased a new position in iShares Fallen Angels USD Bond ETF in the fourth quarter worth about $234,000. D L Carlson Investment Group Inc. lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 1.7% in the fourth quarter. D L Carlson Investment Group Inc. now owns 85,748 shares of the company’s stock worth $2,290,000 after buying an additional 1,430 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 5.6% during the fourth quarter. D.A. Davidson & CO. now owns 37,660 shares of the company’s stock valued at $1,006,000 after buying an additional 1,998 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of iShares Fallen Angels USD Bond ETF by 35.1% during the third quarter. JPMorgan Chase & Co. now owns 184,060 shares of the company’s stock valued at $5,032,000 after acquiring an additional 47,773 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Up 0.5 %

FALN stock opened at $26.01 on Friday. The stock’s 50 day simple moving average is $26.61 and its 200 day simple moving average is $26.86. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.82 and a 12-month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were given a dividend of $0.1408 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a $1.69 annualized dividend and a dividend yield of 6.50%.

iShares Fallen Angels USD Bond ETF Company 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.