Capital Wealth Management LLC Has $4.15 Million Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

Capital Wealth Management LLC boosted its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 0.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 155,189 shares of the company’s stock after buying an additional 379 shares during the period. iShares Fallen Angels USD Bond ETF accounts for about 1.8% of Capital Wealth Management LLC’s investment portfolio, making the stock its 16th largest holding. Capital Wealth Management LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $4,145,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. M.E. Allison & CO. Inc. bought a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $1,247,000. FOCUS Wealth Advisors LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 0.8% in the fourth quarter. FOCUS Wealth Advisors LLC now owns 67,698 shares of the company’s stock valued at $1,808,000 after buying an additional 534 shares during the period. Diversify Wealth Management LLC boosted its position in iShares Fallen Angels USD Bond ETF by 2.3% during the fourth quarter. Diversify Wealth Management LLC now owns 170,955 shares of the company’s stock valued at $4,563,000 after acquiring an additional 3,766 shares during the last quarter. Client 1ST Advisory Group LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $951,000. Finally, HF Advisory Group LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 3.5% in the 4th quarter. HF Advisory Group LLC now owns 164,657 shares of the company’s stock worth $4,398,000 after acquiring an additional 5,567 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ:FALN opened at $26.99 on Monday. The business’s 50-day moving average is $26.96 and its 200-day moving average is $26.95. 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 given a dividend of $0.1371 per share. This represents a $1.64 annualized dividend and a dividend yield of 6.09%. The ex-dividend date was Wednesday, December 18th.

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.