Sigma Planning Corp Has $590,000 Stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Sigma Planning Corp decreased its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,595 shares of the company’s stock after selling 935 shares during the quarter. Sigma Planning Corp’s holdings in iShares Fallen Angels USD Bond ETF were worth $590,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Western Financial Corp CA boosted its stake in iShares Fallen Angels USD Bond ETF by 1.5% in the 3rd quarter. Western Financial Corp CA now owns 25,771 shares of the company’s stock valued at $705,000 after buying an additional 390 shares in the last quarter. Insight Wealth Partners LLC raised its position in iShares Fallen Angels USD Bond ETF by 0.5% in the 2nd quarter. Insight Wealth Partners LLC now owns 101,950 shares of the company’s stock valued at $2,670,000 after purchasing an additional 482 shares during the last quarter. Avantax Advisory Services Inc. raised its position in iShares Fallen Angels USD Bond ETF by 6.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 9,484 shares of the company’s stock valued at $255,000 after purchasing an additional 553 shares during the last quarter. Invst LLC raised its position in iShares Fallen Angels USD Bond ETF by 3.7% in the 2nd quarter. Invst LLC now owns 17,461 shares of the company’s stock valued at $454,000 after purchasing an additional 630 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its position in iShares Fallen Angels USD Bond ETF by 3.9% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 17,928 shares of the company’s stock valued at $470,000 after purchasing an additional 666 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.1 %

Shares of FALN opened at $27.01 on Friday. The stock has a fifty day moving average price of $27.13 and a two-hundred day moving average price of $26.76. iShares Fallen Angels USD Bond ETF has a 52-week low of $25.30 and a 52-week high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.1409 dividend. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Friday, November 1st. This represents a $1.69 annualized dividend and a yield of 6.26%.

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.