iShares Convertible Bond ETF (BATS:ICVT) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC raised its stake in iShares Convertible Bond ETF (BATS:ICVT) by 6.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 33,715 shares of the company’s stock after acquiring an additional 2,147 shares during the period. Private Advisor Group LLC’s holdings in iShares Convertible Bond ETF were worth $2,865,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Creative Planning boosted its holdings in shares of iShares Convertible Bond ETF by 12.3% in the third quarter. Creative Planning now owns 3,325 shares of the company’s stock valued at $278,000 after acquiring an additional 363 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in iShares Convertible Bond ETF by 23.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,033 shares of the company’s stock valued at $343,000 after purchasing an additional 766 shares during the last quarter. SG Americas Securities LLC acquired a new stake in iShares Convertible Bond ETF during the 4th quarter worth $544,000. JPMorgan Chase & Co. grew its position in iShares Convertible Bond ETF by 32.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 228,239 shares of the company’s stock worth $19,097,000 after purchasing an additional 56,149 shares during the last quarter. Finally, Centerline Wealth Advisors LLC acquired a new position in iShares Convertible Bond ETF in the fourth quarter valued at $5,511,000.

iShares Convertible Bond ETF Trading Up 1.8 %

Shares of ICVT opened at $86.63 on Tuesday. iShares Convertible Bond ETF has a fifty-two week low of $50.43 and a fifty-two week high of $58.18. The firm has a 50-day simple moving average of $86.96 and a 200-day simple moving average of $85.08.

iShares Convertible Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a dividend of $0.1406 per share. The ex-dividend date was Monday, February 3rd.

iShares Convertible Bond ETF Company Profile

The iShares Convertible Bond ETF (ICVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of USD-denominated convertible bonds weighted by market value. The index contains only cash-pay convertibles and excludes mandatory and preferred convertibles.