Icon Wealth Advisors LLC Purchases 10,187 Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Icon Wealth Advisors LLC lifted its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 129.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,054 shares of the company’s stock after purchasing an additional 10,187 shares during the quarter. Icon Wealth Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. increased its stake in iShares Fallen Angels USD Bond ETF by 27.0% in the 3rd quarter. Mather Group LLC. now owns 8,991,241 shares of the company’s stock worth $245,821,000 after acquiring an additional 1,913,910 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of iShares Fallen Angels USD Bond ETF by 1.1% in the second quarter. Envestnet Asset Management Inc. now owns 2,438,047 shares of the company’s stock worth $63,852,000 after purchasing an additional 26,058 shares during the last quarter. LPL Financial LLC raised its stake in iShares Fallen Angels USD Bond ETF by 3.7% in the second quarter. LPL Financial LLC now owns 1,787,437 shares of the company’s stock valued at $46,813,000 after purchasing an additional 63,746 shares in the last quarter. Angeles Investment Advisors LLC lifted its position in 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 valued at $35,389,000 after purchasing an additional 368,400 shares during the last quarter. Finally, Allworth Financial LP grew its stake in iShares Fallen Angels USD Bond ETF by 1.3% in the 3rd quarter. Allworth Financial LP now owns 1,128,492 shares of the company’s stock worth $30,853,000 after buying an additional 13,997 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

iShares Fallen Angels USD Bond ETF stock opened at $27.02 on Friday. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.50 and a fifty-two week high of $27.43. The firm’s fifty day moving average price is $27.12 and its 200-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. Shareholders of record on Friday, November 1st were paid a dividend of $0.1409 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.69 annualized dividend and a yield of 6.26%. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

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.