Atomi Financial Group Inc. Acquires 683 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Atomi Financial Group Inc. raised its stake in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 7.5% during the 4th quarter, HoldingsChannel reports. The firm owned 9,835 shares of the company’s stock after purchasing an additional 683 shares during the quarter. Atomi Financial Group Inc.’s holdings in iShares Fallen Angels USD Bond ETF were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FALN. Creative Planning grew its holdings in iShares Fallen Angels USD Bond ETF by 4.5% during the second quarter. Creative Planning now owns 459,991 shares of the company’s stock valued at $12,047,000 after purchasing an additional 19,809 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in iShares Fallen Angels USD Bond ETF by 78.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 18,435 shares of the company’s stock valued at $483,000 after purchasing an additional 8,133 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of iShares Fallen Angels USD Bond ETF by 11.0% in the second quarter. Sunbelt Securities Inc. now owns 26,063 shares of the company’s stock worth $683,000 after acquiring an additional 2,575 shares during the last quarter. Invst LLC grew its stake in shares of iShares Fallen Angels USD Bond ETF by 3.7% in the second quarter. Invst LLC now owns 17,461 shares of the company’s stock worth $454,000 after acquiring an additional 630 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the second quarter worth $49,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of iShares Fallen Angels USD Bond ETF stock opened at $27.10 on Monday. The company’s fifty day simple moving average is $26.96 and its 200-day simple moving average is $26.97. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.90 and a 1 year high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

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

About iShares Fallen Angels USD Bond ETF

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.