Novare Capital Management LLC Reduces Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Novare Capital Management LLC lessened its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 5.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 64,324 shares of the company’s stock after selling 3,762 shares during the period. Novare Capital Management LLC owned approximately 0.09% of iShares Fallen Angels USD Bond ETF worth $1,718,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. First Citizens Bank & Trust Co. raised its stake in shares of iShares Fallen Angels USD Bond ETF by 39.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 73,795 shares of the company’s stock valued at $1,971,000 after acquiring an additional 21,003 shares during the period. Geneos Wealth Management Inc. raised its position in iShares Fallen Angels USD Bond ETF by 35.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 39,066 shares of the company’s stock worth $1,043,000 after purchasing an additional 10,246 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 40.7% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 29,049 shares of the company’s stock worth $776,000 after purchasing an additional 8,400 shares during the last quarter. Impact Partnership Wealth LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF by 7.4% during the fourth quarter. Impact Partnership Wealth LLC now owns 94,179 shares of the company’s stock valued at $2,516,000 after buying an additional 6,468 shares during the period. Finally, Cornerstone Wealth Management LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter valued at approximately $204,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN stock opened at $27.10 on Friday. The stock has a 50 day moving average price of $26.96 and a 200 day moving average price of $26.96. iShares Fallen Angels USD Bond ETF has a 52-week low of $25.90 and a 52-week high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.1371 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.64 annualized dividend and a dividend yield of 6.07%.

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.