Executive Wealth Management LLC Raises Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Executive Wealth Management LLC grew its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 10.6% during the third quarter, HoldingsChannel.com reports. The fund owned 324,004 shares of the company’s stock after buying an additional 31,055 shares during the quarter. iShares Fallen Angels USD Bond ETF accounts for about 1.1% of Executive Wealth Management LLC’s portfolio, making the stock its 28th biggest position. Executive Wealth Management LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $8,858,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Concurrent Investment Advisors LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the third quarter worth approximately $235,000. HF Advisory Group LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 4.8% in the 3rd quarter. HF Advisory Group LLC now owns 159,090 shares of the company’s stock worth $4,350,000 after buying an additional 7,352 shares during the last quarter. Glassy Mountain Advisors Inc. grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 2.9% in the third quarter. Glassy Mountain Advisors Inc. now owns 108,899 shares of the company’s stock worth $2,977,000 after acquiring an additional 3,076 shares during the period. Janney Montgomery Scott LLC increased its position in iShares Fallen Angels USD Bond ETF by 16.7% during the third quarter. Janney Montgomery Scott LLC now owns 48,547 shares of the company’s stock valued at $1,327,000 after acquiring an additional 6,957 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 156.8% in the third quarter. Farther Finance Advisors LLC now owns 8,717 shares of the company’s stock valued at $238,000 after acquiring an additional 5,322 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

iShares Fallen Angels USD Bond ETF stock opened at $27.18 on Friday. iShares Fallen Angels USD Bond ETF has a 52-week low of $25.00 and a 52-week high of $27.43. The business has a 50-day simple moving average of $27.13 and a two-hundred day simple moving average of $26.74.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.1409 per share. The ex-dividend date was Friday, November 1st. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a $1.69 dividend on an annualized basis and a yield of 6.22%.

About iShares Fallen Angels USD Bond ETF

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.