Mount Lucas Management LP Boosts Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Mount Lucas Management LP raised its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,857 shares of the company’s stock after purchasing an additional 2,535 shares during the period. Mount Lucas Management LP’s holdings in iShares Fallen Angels USD Bond ETF were worth $1,801,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Asset Dedication LLC purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter valued at $34,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of iShares Fallen Angels USD Bond ETF in the second quarter worth about $49,000. Strategic Financial Concepts LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 385.1% in 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 during the period. Bell Investment Advisors Inc purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter valued at approximately $87,000. Finally, Consultiva Wealth Management CORP. bought a new position in iShares Fallen Angels USD Bond ETF in the 1st quarter worth approximately $106,000.

iShares Fallen Angels USD Bond ETF Stock Performance

iShares Fallen Angels USD Bond ETF stock opened at $27.01 on Friday. The firm has a 50 day simple moving average of $27.13 and a 200 day simple moving average of $26.76. iShares Fallen Angels USD Bond ETF has a 1-year low of $25.33 and a 1-year high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a $0.1409 dividend. The ex-dividend date was Friday, November 1st. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a $1.69 annualized dividend and a dividend yield of 6.26%.

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.