Arete Wealth Advisors LLC Sells 1,757 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Arete Wealth Advisors LLC decreased its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 17.0% in the third quarter, Holdings Channel.com reports. The fund owned 8,550 shares of the company’s stock after selling 1,757 shares during the period. Arete Wealth Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $234,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 27.0% during the 3rd quarter. Mather Group LLC. now owns 8,991,241 shares of the company’s stock valued at $245,821,000 after purchasing an additional 1,913,910 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in iShares Fallen Angels USD Bond ETF by 1.1% during the second quarter. Envestnet Asset Management Inc. now owns 2,438,047 shares of the company’s stock valued at $63,852,000 after buying an additional 26,058 shares during the last quarter. LPL Financial LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 3.7% during the 2nd quarter. LPL Financial LLC now owns 1,787,437 shares of the company’s stock valued at $46,813,000 after buying an additional 63,746 shares in the last quarter. Angeles Investment Advisors LLC increased its stake in iShares Fallen Angels USD Bond ETF by 39.8% in the 3rd quarter. Angeles Investment Advisors LLC now owns 1,294,400 shares of the company’s stock worth $35,389,000 after acquiring an additional 368,400 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 1.3% during the 3rd quarter. Allworth Financial LP now owns 1,128,492 shares of the company’s stock worth $30,853,000 after acquiring an additional 13,997 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.3 %

NASDAQ FALN opened at $27.09 on Friday. The stock has a 50 day moving average price of $27.09 and a 200-day moving average price of $26.86. iShares Fallen Angels USD Bond ETF has a one year low of $25.90 and a one year high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

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

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.