Geneos Wealth Management Inc. Boosts Stock Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Geneos Wealth Management Inc. boosted its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 27.5% during the first quarter, Holdings Channel reports. The firm owned 25,047 shares of the company’s stock after acquiring an additional 5,406 shares during the quarter. Geneos Wealth Management Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $673,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SouthState Corp bought a new position in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter worth $33,000. First Horizon Advisors Inc. raised its holdings in iShares Fallen Angels USD Bond ETF by 120.7% in the fourth quarter. First Horizon Advisors Inc. now owns 2,079 shares of the company’s stock worth $55,000 after purchasing an additional 1,137 shares in the last quarter. Private Trust Co. NA lifted its position in iShares Fallen Angels USD Bond ETF by 19.6% during the fourth quarter. Private Trust Co. NA now owns 3,290 shares of the company’s stock valued at $87,000 after buying an additional 540 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 143.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,323 shares of the company’s stock valued at $88,000 after buying an additional 1,957 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 0.4 %

NASDAQ FALN traded up $0.11 during trading hours on Thursday, reaching $26.51. 237,098 shares of the company’s stock traded hands, compared to its average volume of 722,596. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.12 and a 52-week high of $26.92. The firm has a 50-day simple moving average of $26.39 and a 200 day simple moving average of $26.47.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were given a $0.1379 dividend. The ex-dividend date was Monday, July 1st. This represents a $1.65 dividend on an annualized basis and a dividend yield of 6.24%.

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.