Trustmark National Bank Trust Department Grows Position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Trustmark National Bank Trust Department lifted its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 11.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 218,211 shares of the company’s stock after buying an additional 23,000 shares during the period. Trustmark National Bank Trust Department’s holdings in iShares Fallen Angels USD Bond ETF were worth $5,966,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Private Advisor Group LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF by 70.6% during the 3rd quarter. Private Advisor Group LLC now owns 17,134 shares of the company’s stock worth $468,000 after purchasing an additional 7,092 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 16.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 48,547 shares of the company’s stock worth $1,327,000 after purchasing an additional 6,957 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the second quarter worth $49,000. Breakwater Capital Group boosted its position in shares of iShares Fallen Angels USD Bond ETF by 8.2% in the third quarter. Breakwater Capital Group now owns 293,959 shares of the company’s stock worth $8,037,000 after acquiring an additional 22,196 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in iShares Fallen Angels USD Bond ETF by 182.5% during the first quarter. Cetera Investment Advisers now owns 768,476 shares of the company’s stock valued at $20,641,000 after acquiring an additional 496,455 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Down 0.1 %

Shares of NASDAQ FALN opened at $27.03 on Thursday. The stock has a fifty day moving average price of $27.12 and a 200 day moving average price of $26.78. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.45 and a 12-month 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 dividend of $0.1409 per share. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.69 annualized dividend and a dividend yield of 6.25%.

iShares Fallen Angels USD Bond ETF 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.