The most recent SEC filing that Insight Wealth Partners LLC made revealed that during the third quarter of 2018, the company’s holdings of the iShares Fallen Angels USD Bond ETF (NASDAQ: FALN) were reduced by 20.3%.
The company provided this information. Following the completion of the quarter in which 30,663 shares of the company’s stock were sold, the institutional investor now has a total holding of 120,232 of those shares.
The iShares Fallen Angels USD Bond ETF currently accounts for 2.7% of the total assets managed by Insight Wealth Partners LLC, making it the thirteenth-best exchange-traded fund (ETF) overall (AUM).
At the end of the most recent fiscal quarter, the total value of the iShares Fallen Angels USD Bond ETF shares held by Insight Wealth Partners LLC was $2,874,000.
This amounted to 0.17 percent of the total fund.
Thursday marked the beginning of trading for FALN for $24.71.
During the past twelve months, the price of the iShares Fallen Angels USD Bond ETF ranged from a yearly low of $23.41 to a yearly high of $27.86.
The company’s simple moving average over the past 50 days is $25.20, and its simple moving average over the past 200 days is, in turn, $24.76.
During the past few months, several institutional investors have modified the interests that they currently hold in the company.
During the third quarter of the financial year, Absolute Capital Management LLC purchased shares in the iShares Fallen Angels USD Bond ETF with a total value of $77,000.
During the second quarter of 2018, Capital Analysts LLC initiated a new position in the iShares Fallen Angels USD Bond ETF by making an initial investment of $107,000. CFS Investment Advisory Services LLC successfully increased its holdings in the iShares Fallen Angels USD Bond ETF by 1,407.2% over the third quarter.
The number of shares in the company that CFS Investment Advisory Services LLC owns has increased from its previous holdings of 3,183,471 shares to a total of 3,409,693 shares in the company.
Because of this acquisition, the value of the company’s stock has increased to $143,000.
A contribution in the amount of 160.000 US dollars was made to the iShares Fallen Angels USD Bond ETF by BNP Paribas Arbitrage SA during the first quarter of 2018. Flow Traders U.S.
LLC also purchased a new position in the iShares Fallen Angels USD Bond ETF during the third quarter.
The position was valued at approximately $200,000 USD at the time of the purchase.
Additionally, the company announced a consistent dividend, which was deducted from shareholders’ accounts on March 7.
Investors who had provided their records were eligible to receive dividend payments on Thursday, March 2, for $0.111 per share.
These payments were made available to stockholders as dividends.
The date shareholders started losing their right to receive a portion of this dividend was March 1.
This results in a dividend yield of 5.39 percent and an annual dividend payment of 1.33 dollars.
An exchange-traded fund (ETF) known as iShares Fallen Angels USD Bond ETF (FALN) focuses primarily on high-yielding fixed-income securities.
Its primary investment objective is to provide investors with stable returns.
A market value-weighted index is utilized to provide an accurate representation of the bonds in which the fund invests.
These bonds were previously designated as investment-grade bonds.
Despite this, their ratings were eventually lowered, and at this point, they are considered below investment grade.
The management of FALN, which was made available for the first time on June 14, 2016, is the responsibility of BlackRock.
Are you interested in gaining more knowledge concerning the various other hedge funds that hold positions in FALN? On HoldingsChannel.com, you can look up the 13F filings and insider transactions for the iShares Fallen Angels USD Bond ETF (NASDAQ: FALN).