Scarborough Advisors LLC Purchases 1,862 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Scarborough Advisors LLC grew its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 34.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,335 shares of the company’s stock after buying an additional 1,862 shares during the quarter. Scarborough Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $623,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ICVT. Icon Wealth Advisors LLC raised its position in iShares Convertible Bond ETF by 4.9% during the 3rd quarter. Icon Wealth Advisors LLC now owns 3,048 shares of the company’s stock valued at $255,000 after purchasing an additional 142 shares during the last quarter. LGT Financial Advisors LLC raised its holdings in shares of iShares Convertible Bond ETF by 45.3% during the third quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock valued at $44,000 after acquiring an additional 164 shares in the last quarter. Spire Wealth Management lifted its stake in iShares Convertible Bond ETF by 56.9% in the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock worth $38,000 after acquiring an additional 164 shares during the period. Capital Wealth Management LLC boosted its holdings in iShares Convertible Bond ETF by 0.4% in the third quarter. Capital Wealth Management LLC now owns 40,021 shares of the company’s stock valued at $3,349,000 after acquiring an additional 171 shares in the last quarter. Finally, Richard W. Paul & Associates LLC increased its position in iShares Convertible Bond ETF by 1.7% during the 3rd quarter. Richard W. Paul & Associates LLC now owns 10,511 shares of the company’s stock valued at $879,000 after purchasing an additional 175 shares during the period.

iShares Convertible Bond ETF Stock Performance

Shares of BATS ICVT opened at $88.84 on Friday. The firm has a fifty day simple moving average of $86.99 and a two-hundred day simple moving average of $84.59. 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 disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a $0.1406 dividend. The ex-dividend date was Monday, February 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.