Jane Street Group LLC purchased a new position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 571,329 shares of the company’s stock, valued at approximately $15,306,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Brown Lisle Cummings Inc. acquired a new stake in iShares Fallen Angels USD Bond ETF in the 1st quarter worth about $32,000. Fifth Third Bancorp boosted its stake in iShares Fallen Angels USD Bond ETF by 45.1% in the 1st quarter. Fifth Third Bancorp now owns 1,785 shares of the company’s stock worth $48,000 after buying an additional 555 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its stake in iShares Fallen Angels USD Bond ETF by 26.8% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 1,904 shares of the company’s stock worth $51,000 after buying an additional 403 shares during the last quarter. Olde Wealth Management LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the 1st quarter worth about $53,000. Finally, Orion Capital Management LLC acquired a new stake in iShares Fallen Angels USD Bond ETF in the 4th quarter worth about $74,000.
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iShares Fallen Angels USD Bond ETF Price Performance
Shares of NASDAQ:FALN opened at $27.57 on Monday. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.82 and a 12-month high of $27.58. The stock’s 50-day moving average price is $27.14 and its two-hundred day moving average price is $26.73.
iShares Fallen Angels USD Bond ETF Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Friday, September 5th. Stockholders of record on Tuesday, September 2nd were paid a $0.1424 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Tuesday, September 2nd.
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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