1832 Asset Management L.P. Trims Stock Holdings in iShares Convertible Bond ETF (BATS:ICVT)

1832 Asset Management L.P. trimmed its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 2.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 277,548 shares of the company’s stock after selling 6,892 shares during the period. 1832 Asset Management L.P.’s holdings in iShares Convertible Bond ETF were worth $22,157,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. boosted its holdings in iShares Convertible Bond ETF by 4.7% in the 1st quarter. Advisors Asset Management Inc. now owns 6,267 shares of the company’s stock valued at $500,000 after purchasing an additional 279 shares during the period. CreativeOne Wealth LLC bought a new stake in shares of iShares Convertible Bond ETF during the 1st quarter worth $3,339,000. Hilltop Partners LLC lifted its holdings in shares of iShares Convertible Bond ETF by 2,391.3% during the 1st quarter. Hilltop Partners LLC now owns 80,643 shares of the company’s stock worth $6,438,000 after acquiring an additional 77,406 shares during the last quarter. PAX Financial Group LLC bought a new stake in shares of iShares Convertible Bond ETF during the 1st quarter worth $292,000. Finally, Blair William & Co. IL lifted its holdings in shares of iShares Convertible Bond ETF by 19.2% during the 1st quarter. Blair William & Co. IL now owns 2,790 shares of the company’s stock worth $223,000 after acquiring an additional 449 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of BATS ICVT traded up $0.40 during mid-day trading on Friday, reaching $79.74. 106,184 shares of the company were exchanged. iShares Convertible Bond ETF has a 52 week low of $50.43 and a 52 week high of $58.18. The company’s 50 day moving average price is $78.89 and its 200 day moving average price is $78.36.

iShares Convertible Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were issued a dividend of $0.1563 per share. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Monday, July 1st.

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.