Nomura Asset Management Co. Ltd. Grows Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 52.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 831,984 shares of the company’s stock after acquiring an additional 287,900 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in iShares Fallen Angels USD Bond ETF were worth $22,746,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FALN. Western Financial Corp CA grew its stake in shares of iShares Fallen Angels USD Bond ETF by 1.5% during the third quarter. Western Financial Corp CA now owns 25,771 shares of the company’s stock worth $705,000 after acquiring an additional 390 shares during the last quarter. Kingsview Wealth Management LLC raised its position in iShares Fallen Angels USD Bond ETF by 2.1% during the third quarter. Kingsview Wealth Management LLC now owns 19,733 shares of the company’s stock valued at $540,000 after acquiring an additional 415 shares in the last quarter. Insight Wealth Partners LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 0.5% in the second quarter. Insight Wealth Partners LLC now owns 101,950 shares of the company’s stock worth $2,670,000 after acquiring an additional 482 shares during the period. Invst LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 3.7% in the 2nd quarter. Invst LLC now owns 17,461 shares of the company’s stock valued at $454,000 after purchasing an additional 630 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 3.9% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 17,928 shares of the company’s stock worth $470,000 after purchasing an additional 666 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Up 0.1 %

Shares of NASDAQ:FALN opened at $27.22 on Wednesday. The business’s 50 day moving average price is $27.09 and its 200-day moving average price is $26.86. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.81 and a 1 year high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, December 2nd were given a dividend of $0.1372 per share. This is a boost from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.13. The ex-dividend date was Monday, December 2nd.

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.