Golden State Equity Partners Cuts Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Golden State Equity Partners trimmed its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,790 shares of the company’s stock after selling 1,502 shares during the period. Golden State Equity Partners’ holdings in iShares Fallen Angels USD Bond ETF were worth $390,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Mather Group LLC. boosted its position in iShares Fallen Angels USD Bond ETF by 5.9% during the third quarter. Mather Group LLC. now owns 6,332,352 shares of the company’s stock valued at $157,042,000 after buying an additional 352,212 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in iShares Fallen Angels USD Bond ETF by 1.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,352,600 shares of the company’s stock valued at $33,544,000 after buying an additional 23,500 shares during the period. Angeles Investment Advisors LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the third quarter valued at about $26,431,000. ESL Trust Services LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 2.1% during the third quarter. ESL Trust Services LLC now owns 1,023,095 shares of the company’s stock valued at $25,373,000 after acquiring an additional 20,711 shares during the last quarter. Finally, Wright Fund Management LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the third quarter valued at about $24,341,000.

iShares Fallen Angels USD Bond ETF Stock Up 0.2 %

Shares of NASDAQ:FALN opened at $26.23 on Friday. The company has a 50-day moving average price of $26.51 and a 200-day moving average price of $26.07. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.12 and a 12 month high of $26.92.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were paid a dividend of $0.1692 per share. This represents a $2.03 annualized dividend and a dividend yield of 7.74%. The ex-dividend date was Monday, April 1st.

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.