Bank of New York Mellon Corp Acquires 8,202 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Bank of New York Mellon Corp boosted its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 25.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,874 shares of the company’s stock after acquiring an additional 8,202 shares during the quarter. Bank of New York Mellon Corp owned 0.16% of iShares Convertible Bond ETF worth $3,135,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ICVT. Advisors Preferred LLC bought a new position in iShares Convertible Bond ETF in the 1st quarter worth about $26,000. LRI Investments LLC bought a new position in shares of iShares Convertible Bond ETF during the 1st quarter valued at about $29,000. Banque Cantonale Vaudoise increased its position in shares of iShares Convertible Bond ETF by 34.0% during the 1st 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 last quarter. First Horizon Advisors Inc. increased its position in shares of iShares Convertible Bond ETF by 48.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,221 shares of the company’s stock valued at $96,000 after purchasing an additional 397 shares during the last quarter. Finally, Park Place Capital Corp increased its position in shares of iShares Convertible Bond ETF by 54.1% during the 1st quarter. Park Place Capital Corp now owns 1,516 shares of the company’s stock valued at $121,000 after purchasing an additional 532 shares during the last quarter.

iShares Convertible Bond ETF Trading Up 0.6 %

Shares of iShares Convertible Bond ETF stock opened at $81.30 on Monday. The business’s 50-day moving average price is $79.91 and its 200-day moving average price is $78.91. iShares Convertible Bond ETF has a 12 month low of $50.43 and a 12 month high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.1528 per share. The ex-dividend date was Tuesday, September 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.