Arkadios Wealth Advisors Has $207,000 Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Arkadios Wealth Advisors cut its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 38.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,751 shares of the company’s stock after selling 4,797 shares during the period. Arkadios Wealth Advisors’ holdings in iShares Fallen Angels USD Bond ETF were worth $207,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. raised its stake in shares of iShares Fallen Angels USD Bond ETF by 27.0% during the third quarter. Mather Group LLC. now owns 8,991,241 shares of the company’s stock worth $245,821,000 after buying an additional 1,913,910 shares during the last quarter. Angeles Investment Advisors LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 39.8% during the third quarter. Angeles Investment Advisors LLC now owns 1,294,400 shares of the company’s stock worth $35,389,000 after buying an additional 368,400 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of iShares Fallen Angels USD Bond ETF by 52.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 831,984 shares of the company’s stock worth $22,746,000 after buying an additional 287,900 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 53.0% during the third quarter. OneDigital Investment Advisors LLC now owns 602,539 shares of the company’s stock worth $16,473,000 after buying an additional 208,699 shares during the last quarter. Finally, Optivise Advisory Services LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the third quarter worth approximately $4,159,000.

iShares Fallen Angels USD Bond ETF Price Performance

FALN opened at $27.10 on Friday. The firm has a 50 day simple moving average of $26.96 and a 200 day simple moving average of $26.96. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.90 and a fifty-two week high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.1371 dividend. This represents a $1.64 annualized dividend and a yield of 6.07%. The ex-dividend date was Wednesday, December 18th.

iShares Fallen Angels USD Bond ETF 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.