ESL Trust Services LLC Buys 4,218 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

ESL Trust Services LLC lifted its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 0.4% in the 3rd quarter, Holdings Channel reports. The firm owned 1,115,111 shares of the company’s stock after purchasing an additional 4,218 shares during the quarter. iShares Fallen Angels USD Bond ETF accounts for approximately 6.9% of ESL Trust Services LLC’s portfolio, making the stock its 9th biggest position. ESL Trust Services LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $30,487,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mather Group LLC. grew its holdings in iShares Fallen Angels USD Bond ETF by 27.0% in the third 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. grew its stake in iShares Fallen Angels USD Bond ETF by 1.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,438,047 shares of the company’s stock valued at $63,852,000 after acquiring an additional 26,058 shares during the last quarter. LPL Financial LLC increased 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 acquiring an additional 63,746 shares in the last quarter. Allworth Financial LP raised its position in iShares Fallen Angels USD Bond ETF by 1.3% during the third 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 during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 182.5% in the first quarter. Cetera Investment Advisers now owns 768,476 shares of the company’s stock valued at $20,641,000 after purchasing an additional 496,455 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 0.2 %

FALN stock opened at $27.18 on Friday. The company’s 50 day simple moving average is $27.13 and its 200-day simple moving average is $26.74. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.00 and a 12 month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

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

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.