Financial Sense Advisors Inc. Purchases New Holdings in iShares Convertible Bond ETF (BATS:ICVT)

Financial Sense Advisors Inc. acquired a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 49,309 shares of the company’s stock, valued at approximately $4,190,000. iShares Convertible Bond ETF makes up approximately 1.4% of Financial Sense Advisors Inc.’s holdings, making the stock its 18th largest position.

Other hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC grew its position in iShares Convertible Bond ETF by 6.8% in the fourth quarter. Private Advisor Group LLC now owns 33,715 shares of the company’s stock valued at $2,865,000 after acquiring an additional 2,147 shares during the last quarter. Global Retirement Partners LLC grew its position in iShares Convertible Bond ETF by 78.8% during the 4th quarter. Global Retirement Partners LLC now owns 3,102 shares of the company’s stock worth $264,000 after acquiring an additional 1,367 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in shares of iShares Convertible Bond ETF by 80.4% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 13,309 shares of the company’s stock worth $1,131,000 after purchasing an additional 5,932 shares during the last quarter. Kestra Investment Management LLC grew its holdings in iShares Convertible Bond ETF by 1.6% during the 4th quarter. Kestra Investment Management LLC now owns 24,635 shares of the company’s stock worth $2,093,000 after acquiring an additional 377 shares during the last quarter. Finally, Atria Wealth Solutions Inc. grew its stake in shares of iShares Convertible Bond ETF by 34.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 27,810 shares of the company’s stock worth $2,363,000 after purchasing an additional 7,200 shares during the last quarter.

iShares Convertible Bond ETF Stock Up 4.3 %

Shares of BATS:ICVT opened at $88.78 on Thursday. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18. The business has a fifty day simple moving average of $87.01 and a 200 day simple moving average of $84.83.

iShares Convertible Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.1406 per share. The ex-dividend date was Monday, February 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.