Liberty Wealth Management LLC cut its iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Rating) position by 26.6% in the third quarter, according to its latest Form 13F filed with the Securities and Exchange Commission. The company owned 87,541 shares of the company’s stock after selling 31,649 shares during the quarter. The iShares Fallen Angels USD Bond ETF comprises approximately 0.6% of Liberty Wealth Management LLC’s portfolio and is the 29th largest position. Liberty Wealth Management LLC owned his 0.13% of the iShares Fallen Angels USD Bond ETF worth $2,092,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also increased or decreased their stakes in the company. Jane Street Group LLC increased its equity position in the iShares Fallen Angels USD Bond ETF by 177.7% in the first quarter. Jane Street Group LLC now owns 3,791,552 shares worth $15,253,000 after he purchased an additional 2,426,217 shares last quarter. Mother Group LLC. Positions in the iShares Fallen Angels USD Bond ETF were up 15.9% in Q2. Mother Group LLC. now owns 3,744,665 shares of the company worth $92,193,000 after acquiring an additional 512,818 shares during the previous quarter. CFS Investment Advisory Services LLC increased its iShares Fallen Angels USD Bond ETF position by 1,407.2% in the third quarter. CFS Investment Advisory Services LLC now owns 3,409,693 shares worth $143,000 after acquiring an additional 3,183,471 shares during the previous quarter. SCS Capital Management LLC expanded its iShares Fallen Angels USD Bond ETF position by 1.2% in the third quarter. SCS Capital Management LLC now owns 2,512,196 shares worth $60,041,000 after acquiring an additional 30,969 shares during the previous quarter. Finally, UBS Group AG increased its stake in the iShares Fallen Angels USD Bond ETF by 0.4% in Q2. UBS Group AG now owns 1,016,647 shares of the company worth $25,030,000 after purchasing a further 4,037 shares during this period.
iShares Fallen Angels USD Bond ETF Trading Down 0.7%
FALN shares opened at $24.66 on Friday. The iShares Fallen Angels USD Bond ETF has a 12-month low of $23.41 and a 12-month high of $27.86. The stock has a 50-day simple moving average of $25.20 and a 200-day simple moving average of $24.78.
iShares Fallen Angels USD Bond ETF Cuts Dividend
The company recently announced a monthly dividend, which was paid out on Tuesday, March 7th. Shareholders of record on Thursday, March 2 were paid a dividend of $0.111. This represents his $1.33 dividend and his 5.40% yield on an annual basis. The ex-dividend date for this dividend was Wednesday, March 1.
About the iShares Fallen Angels USD Bond ETF
The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that invests primarily in high-yield bonds. The fund tracks a market value-weighted index of bonds rated investment grade at issuance but later downgraded to below investment grade. FALN was launched on June 14, 2016 and is maintained by BlackRock.
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