Thrivent Financial for Lutherans Has $4.95 Million Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Thrivent Financial for Lutherans decreased its position in shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 19.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 181,057 shares of the company’s stock after selling 43,427 shares during the period. Thrivent Financial for Lutherans’ holdings in iShares Fallen Angels USD Bond ETF were worth $4,950,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of FALN. Private Advisor Group LLC lifted its position in iShares Fallen Angels USD Bond ETF by 70.6% during the 3rd quarter. Private Advisor Group LLC now owns 17,134 shares of the company’s stock worth $468,000 after buying an additional 7,092 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 16.7% during the third quarter. Janney Montgomery Scott LLC now owns 48,547 shares of the company’s stock worth $1,327,000 after purchasing an additional 6,957 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the second quarter worth approximately $49,000. Breakwater Capital Group grew its stake in shares of iShares Fallen Angels USD Bond ETF by 8.2% during the third quarter. Breakwater Capital Group now owns 293,959 shares of the company’s stock valued at $8,037,000 after purchasing an additional 22,196 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 182.5% in the first quarter. Cetera Investment Advisers now owns 768,476 shares of the company’s stock valued at $20,641,000 after purchasing an additional 496,455 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Down 0.0 %

Shares of FALN opened at $27.02 on Friday. iShares Fallen Angels USD Bond ETF has a 52 week low of $25.50 and a 52 week high of $27.43. The business’s fifty day moving average price is $27.12 and its two-hundred day moving average price is $26.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.1409 dividend. This is a boost 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.