Geneos Wealth Management Inc. Has $1.04 Million Stock Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Geneos Wealth Management Inc. grew its holdings in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 35.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,066 shares of the company’s stock after buying an additional 10,246 shares during the quarter. Geneos Wealth Management Inc. owned 0.05% of iShares Fallen Angels USD Bond ETF worth $1,043,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Western Financial Corp CA boosted its holdings in iShares Fallen Angels USD Bond ETF by 1.5% during the third quarter. Western Financial Corp CA now owns 25,771 shares of the company’s stock worth $705,000 after purchasing an additional 390 shares during the last quarter. Virtue Capital Management LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 0.6% during the 3rd quarter. Virtue Capital Management LLC now owns 70,213 shares of the company’s stock worth $1,920,000 after buying an additional 401 shares in 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 worth $540,000 after buying an additional 415 shares during the last quarter. FOCUS Wealth Advisors LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 0.8% in the fourth quarter. FOCUS Wealth Advisors LLC now owns 67,698 shares of the company’s stock valued at $1,808,000 after acquiring an additional 534 shares in the last quarter. Finally, Invst LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 3.7% during the second quarter. Invst LLC now owns 17,461 shares of the company’s stock valued at $454,000 after acquiring an additional 630 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Up 0.1 %

Shares of iShares Fallen Angels USD Bond ETF stock opened at $27.13 on Tuesday. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.90 and a 1 year high of $27.43. The stock has a fifty day moving average price of $26.96 and a 200-day moving average price of $26.97.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.1371 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.06%.

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.