Capital Wealth Management LLC Has $4.15 Million Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Capital Wealth Management LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 155,189 shares of the company’s stock after purchasing an additional 379 shares during the quarter. iShares Fallen Angels USD Bond ETF accounts for 1.8% of Capital Wealth Management LLC’s holdings, making the stock its 16th biggest holding. Capital Wealth Management LLC owned approximately 0.22% of iShares Fallen Angels USD Bond ETF worth $4,145,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Western Financial Corp CA lifted its position in shares of iShares Fallen Angels USD Bond ETF by 1.5% during the 3rd quarter. Western Financial Corp CA now owns 25,771 shares of the company’s stock worth $705,000 after buying an additional 390 shares during the last quarter. Virtue Capital Management LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 0.6% in the third quarter. Virtue Capital Management LLC now owns 70,213 shares of the company’s stock worth $1,920,000 after acquiring an additional 401 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 2.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 19,733 shares of the company’s stock valued at $540,000 after purchasing an additional 415 shares in the last quarter. FOCUS Wealth Advisors LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 0.8% during the 4th quarter. FOCUS Wealth Advisors LLC now owns 67,698 shares of the company’s stock valued at $1,808,000 after purchasing an additional 534 shares during the last quarter. Finally, Invst LLC increased its position in iShares Fallen Angels USD Bond ETF by 3.7% during the 2nd quarter. Invst LLC now owns 17,461 shares of the company’s stock worth $454,000 after purchasing an additional 630 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $26.99 on Monday. The company’s 50 day moving average price is $26.96 and its two-hundred day moving average price is $26.95. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.90 and a fifty-two week high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.1371 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.64 dividend on an annualized basis and a yield of 6.09%.

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.