1 week Ago By Defense World Staff
Invesco Ltd. bought a new position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 169,787 shares of the company’s stock, valued at approximately $4,535,000.
Invesco Ltd. owned 0.23% of iShares Fallen Angels USD Bond ETF at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of FALN. Wilmington Savings Fund Society FSB purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter valued at $55,000. Oak Grove Capital LLC bought a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter worth about $200,000.
Cornerstone Wealth Management LLC bought a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter worth about $204,000. Wrapmanager Inc. purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter valued at about $227,000.
Finally, Copperleaf Capital LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $229,000. iShares Fallen Angels USD Bond ETF Stock PerformanceFALN stock opened at $26.38 on Friday.
The company’s 50 day moving average is $26.51 and its 200 day moving average is $26.83.
iShares Fallen Angels USD Bond ETF has a 1-year low of $24.82 and a 1-year high of $27.43.
iShares Fallen Angels USD Bond ETF Increases DividendThe business also recently declared a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were issued a $0.1408 dividend.
This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Tuesday, April 1st.
This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.40%.
iShares Fallen Angels USD Bond ETF Company Profile (Free Report)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.
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