Milestone Asset Management LLC Takes $456,000 Position in iShares Convertible Bond ETF (BATS:ICVT)

Milestone Asset Management LLC bought a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,805 shares of the company’s stock, valued at approximately $456,000.

A number of other hedge funds have also recently modified their holdings of ICVT. Stokes Family Office LLC boosted its holdings in shares of iShares Convertible Bond ETF by 3.8% in the second quarter. Stokes Family Office LLC now owns 3,808 shares of the company’s stock valued at $299,000 after purchasing an additional 141 shares during the period. Windsor Capital Management LLC boosted its holdings in shares of iShares Convertible Bond ETF by 1.5% in the first quarter. Windsor Capital Management LLC now owns 9,691 shares of the company’s stock valued at $774,000 after purchasing an additional 147 shares during the period. Austin Private Wealth LLC boosted its holdings in shares of iShares Convertible Bond ETF by 2.7% in the second quarter. Austin Private Wealth LLC now owns 5,693 shares of the company’s stock valued at $448,000 after purchasing an additional 152 shares during the period. O ROURKE & COMPANY Inc boosted its holdings in shares of iShares Convertible Bond ETF by 3.5% in the first quarter. O ROURKE & COMPANY Inc now owns 4,664 shares of the company’s stock valued at $372,000 after purchasing an additional 156 shares during the period. Finally, Banque Cantonale Vaudoise boosted its holdings in shares of iShares Convertible Bond ETF by 34.0% in the first quarter. Banque Cantonale Vaudoise now owns 670 shares of the company’s stock valued at $53,000 after purchasing an additional 170 shares during the period.

iShares Convertible Bond ETF Stock Performance

iShares Convertible Bond ETF stock opened at $80.57 on Tuesday. The business has a fifty day moving average of $79.05 and a two-hundred day moving average of $78.55. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18.

iShares Convertible Bond ETF Increases Dividend

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

iShares Convertible Bond ETF 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.