Focus Financial Network Inc. Takes Position in iShares Convertible Bond ETF (BATS:ICVT)

Focus Financial Network Inc. purchased a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,793 shares of the company’s stock, valued at approximately $234,000.

Several other hedge funds have also added to or reduced their stakes in the company. Susquehanna International Group LLP acquired a new position in iShares Convertible Bond ETF during the 2nd quarter valued at about $80,458,000. 1832 Asset Management L.P. boosted its stake in iShares Convertible Bond ETF by 162.9% in the second quarter. 1832 Asset Management L.P. now owns 729,587 shares of the company’s stock valued at $57,367,000 after acquiring an additional 452,039 shares during the last quarter. Certified Advisory Corp acquired a new stake in iShares Convertible Bond ETF during the 2nd quarter worth $12,818,000. Envestnet Asset Management Inc. raised its position in shares of iShares Convertible Bond ETF by 14.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,094,735 shares of the company’s stock valued at $86,079,000 after acquiring an additional 138,493 shares during the last quarter. Finally, Lebenthal Global Advisors LLC acquired a new position in shares of iShares Convertible Bond ETF in the 2nd quarter valued at $9,264,000.

iShares Convertible Bond ETF Stock Down 0.0 %

Shares of iShares Convertible Bond ETF stock opened at $83.78 on Monday. The business has a fifty day simple moving average of $82.72 and a 200 day simple moving average of $80.11. 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 business also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a $0.1528 dividend. The ex-dividend date of this dividend 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.