Prudential Financial Inc. reduced its holdings of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Rating) stock by 32.6% in the third quarter, according to the company in its latest filing with the Securities and Exchange Commission. The institutional investor held 104,484 shares of the company after selling 50,594 shares during the period. Prudential Financial Inc. owned approximately 0.15% of iShares Fallen Angels USD Bond ETF worth $2,516,000 at the end of the most recent reporting period.
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A number of other large investors also changed their stakes in the company. CFS Investment Advisory Services LLC increased its stake in iShares Fallen Angels USD Bond ETF by 1,407.2% in Q3. CFS Investment Advisory Services LLC now owns 3,409,693 shares of the company valued at $143,000 after purchasing an additional 3,183,471 shares in the last quarter. Jane Street Group LLC increased its stake in iShares Fallen Angels USD Bond ETF by 177.7% in Q1. Jane Street Group LLC now owns 3,791,552 shares of the company valued at $105,253,000 after purchasing an additional 2,426,217 shares last quarter. SCS Capital Management LLC increased its stake in iShares Fallen Angels USD Bond ETF by 29.8% in Q2. SCS Capital Management LLC now owns 2,481,227 shares of the company valued at $61,088,000 after purchasing an additional 569,213 shares last quarter. Mather Group LLC. increased its stake in iShares Fallen Angels USD Bond ETF by 15.9% in Q2. Mather Group LLC. now owns 3,744,665 shares of the company valued at $92,193,000 after purchasing an additional 512,818 shares last quarter. Finally, Ronald Blue Trust Inc. bought a new position in the iShares Fallen Angels USD Bond ETF in Q2 worth approximately $11,185,000.
iShares Fallen Angels USD Bond ETF Stock down 0.5%
The NASDAQ FALN opened at $25.47 on Tuesday. The company has a 50-day moving average price of $25.08 and a 200-day moving average price of $24.87. iShares Fallen Angels USD Bond ETF has a 1-year low of $23.41 and a 1-year high of $28.44.
iShares Fallen Angels USD Bond ETF increases its dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, February 7. Shareholders of record on Thursday, February 2 will receive a dividend of $0.113 per share. This represents a dividend of $1.36 on an annualized basis and a yield of 5.32%. The posting date is Wednesday, February 1. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.11.
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Want to see which other hedge funds hold FALN? Visit HoldingsChannel.com for the latest 13F filings and insider trades for iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Rating).
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