Prime Capital Investment Advisors LLC Has $1.05 Million Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Prime Capital Investment Advisors LLC cut its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 7.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 38,450 shares of the company’s stock after selling 3,004 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $1,051,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Asset Dedication LLC purchased a new stake in iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at $34,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the second quarter valued at about $49,000. Strategic Financial Concepts LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 385.1% during the second quarter. Strategic Financial Concepts LLC now owns 222,350 shares of the company’s stock valued at $58,000 after purchasing an additional 176,515 shares in the last quarter. Bell Investment Advisors Inc purchased a new position in iShares Fallen Angels USD Bond ETF during the second quarter worth about $87,000. Finally, Consultiva Wealth Management CORP. bought a new stake in iShares Fallen Angels USD Bond ETF in the 1st quarter worth about $106,000.

iShares Fallen Angels USD Bond ETF Trading Down 0.1 %

NASDAQ:FALN opened at $27.01 on Friday. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.30 and a 52 week high of $27.43. The firm has a 50-day moving average price of $27.13 and a two-hundred day moving average price of $26.76.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a dividend of $0.1409 per share. 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 6.26%. The ex-dividend date of this dividend was Friday, November 1st.

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.