PAX Financial Group LLC Purchases Shares of 3,655 iShares Convertible Bond ETF (BATS:ICVT)

PAX Financial Group LLC purchased a new stake in iShares Convertible Bond ETF (BATS:ICVT) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,655 shares of the company’s stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of ICVT. Advisors Preferred LLC acquired a new stake in iShares Convertible Bond ETF during the 1st quarter worth about $26,000. Blue Trust Inc. raised its holdings in iShares Convertible Bond ETF by 91.0% during the 4th quarter. Blue Trust Inc. now owns 466 shares of the company’s stock worth $34,000 after buying an additional 222 shares during the period. AdvisorNet Financial Inc raised its holdings in iShares Convertible Bond ETF by 122.0% during the 4th quarter. AdvisorNet Financial Inc now owns 606 shares of the company’s stock worth $48,000 after buying an additional 333 shares during the period. Banque Cantonale Vaudoise raised its holdings in iShares Convertible Bond ETF by 34.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 670 shares of the company’s stock worth $53,000 after buying an additional 170 shares during the period. Finally, Park Place Capital Corp raised its holdings in 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 worth $121,000 after buying an additional 532 shares during the period.

iShares Convertible Bond ETF Price Performance

BATS ICVT traded down $0.04 on Tuesday, hitting $80.40. 76,760 shares of the company were exchanged. The company’s 50 day moving average price is $78.83 and its 200-day moving average price is $78.30. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18.

iShares Convertible Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were given a $0.1563 dividend. The ex-dividend date was Monday, July 1st. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.15.

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.