Brookstone Capital Management Invests $517,000 in iShares Convertible Bond ETF (BATS:ICVT)

Brookstone Capital Management bought a new position in iShares Convertible Bond ETF (BATS:ICVT) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,473 shares of the company’s stock, valued at approximately $517,000.

Several other large investors also recently added to or reduced their stakes in ICVT. Mariner LLC increased its stake in iShares Convertible Bond ETF by 21.2% during the third quarter. Mariner LLC now owns 20,609 shares of the company’s stock worth $1,529,000 after acquiring an additional 3,608 shares during the last quarter. Stifel Financial Corp boosted its position in shares of iShares Convertible Bond ETF by 3.4% during the third quarter. Stifel Financial Corp now owns 77,639 shares of the company’s stock valued at $5,762,000 after buying an additional 2,532 shares during the period. Advisors Asset Management Inc. boosted its position in shares of iShares Convertible Bond ETF by 4.9% during the third quarter. Advisors Asset Management Inc. now owns 5,990 shares of the company’s stock valued at $445,000 after buying an additional 280 shares during the period. Axxcess Wealth Management LLC boosted its position in shares of iShares Convertible Bond ETF by 236.1% during the third quarter. Axxcess Wealth Management LLC now owns 29,216 shares of the company’s stock valued at $2,168,000 after buying an additional 20,523 shares during the period. Finally, Baker Avenue Asset Management LP boosted its position in shares of iShares Convertible Bond ETF by 10.8% during the third quarter. Baker Avenue Asset Management LP now owns 262,625 shares of the company’s stock valued at $19,489,000 after buying an additional 25,605 shares during the period.

iShares Convertible Bond ETF Stock Performance

Shares of BATS:ICVT opened at $78.63 on Monday. iShares Convertible Bond ETF has a 1 year low of $50.43 and a 1 year high of $58.18. The business has a 50 day simple moving average of $78.23 and a two-hundred day simple moving average of $78.14.

iShares Convertible Bond ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, July 1st will be given a dividend of $0.1563 per share. The ex-dividend date of this dividend is Monday, July 1st. This is a positive change from iShares Convertible Bond ETF’s previous dividend of $0.15.

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.