Procyon Advisors LLC Buys Shares of 450,899 iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Procyon Advisors LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 450,899 shares of the company’s stock, valued at approximately $12,111,000. iShares Fallen Angels USD Bond ETF accounts for about 0.9% of Procyon Advisors LLC’s investment portfolio, making the stock its 20th biggest holding.

Other large investors also recently modified their holdings of the company. Ignite Planners LLC grew its position in iShares Fallen Angels USD Bond ETF by 38.1% in the 1st quarter. Ignite Planners LLC now owns 74,664 shares of the company’s stock valued at $1,985,000 after purchasing an additional 20,601 shares during the period. Global Assets Advisory LLC bought a new position in iShares Fallen Angels USD Bond ETF during the 1st quarter valued at $368,000. FOCUS Wealth Advisors LLC bought a new position in iShares Fallen Angels USD Bond ETF during the 1st quarter valued at $1,806,000. LexAurum Advisors LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 12.5% during the 1st quarter. LexAurum Advisors LLC now owns 20,588 shares of the company’s stock valued at $553,000 after acquiring an additional 2,285 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 9.0% during the 1st quarter. Park Avenue Securities LLC now owns 117,844 shares of the company’s stock valued at $3,165,000 after acquiring an additional 9,731 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

NASDAQ:FALN traded down $0.01 during trading hours on Thursday, hitting $26.27. 214,519 shares of the company traded hands, compared to its average volume of 726,851. The firm’s 50-day simple moving average is $26.37 and its 200-day simple moving average is $26.47. iShares Fallen Angels USD Bond ETF has a one year low of $24.12 and a one year high of $26.92.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.1414 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date of this dividend was Monday, June 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.