Envestnet Asset Management Inc. Has $86.08 Million Stock Holdings in iShares Convertible Bond ETF (BATS:ICVT)

Envestnet Asset Management Inc. grew its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 14.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,094,735 shares of the company’s stock after purchasing an additional 138,493 shares during the period. Envestnet Asset Management Inc. owned approximately 4.52% of iShares Convertible Bond ETF worth $86,079,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ICVT. Aveo Capital Partners LLC bought a new position in shares of iShares Convertible Bond ETF in the 4th quarter valued at $3,994,000. Hanlon Investment Management Inc. bought a new position in shares of iShares Convertible Bond ETF in the 4th quarter valued at $392,000. Stifel Financial Corp increased its stake in shares of iShares Convertible Bond ETF by 0.3% in the 4th quarter. Stifel Financial Corp now owns 77,839 shares of the company’s stock valued at $6,117,000 after purchasing an additional 200 shares during the last quarter. Scotia Capital Inc. grew its position in iShares Convertible Bond ETF by 9.2% during the 4th quarter. Scotia Capital Inc. now owns 3,344 shares of the company’s stock worth $263,000 after acquiring an additional 283 shares during the last quarter. Finally, Adams Wealth Management grew its position in iShares Convertible Bond ETF by 4.5% during the 4th quarter. Adams Wealth Management now owns 124,072 shares of the company’s stock worth $9,751,000 after acquiring an additional 5,338 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT stock opened at $81.81 on Wednesday. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18. The stock’s fifty day simple moving average is $79.96 and its 200 day simple moving average is $78.94.

iShares Convertible Bond ETF Cuts Dividend

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

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.