Invst LLC Acquires New Holdings in iShares Convertible Bond ETF (BATS:ICVT)

Invst LLC acquired a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,994 shares of the company’s stock, valued at approximately $397,000.

A number of other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. grew its holdings in iShares Convertible Bond ETF by 293.8% during the fourth quarter. Assetmark Inc. now owns 1,562,320 shares of the company’s stock valued at $122,783,000 after purchasing an additional 1,165,563 shares during the period. Advisory Alpha LLC grew its holdings in iShares Convertible Bond ETF by 4.3% during the first quarter. Advisory Alpha LLC now owns 420,431 shares of the company’s stock valued at $33,569,000 after purchasing an additional 17,403 shares during the period. Greenleaf Trust grew its holdings in iShares Convertible Bond ETF by 31.7% during the first quarter. Greenleaf Trust now owns 388,612 shares of the company’s stock valued at $31,023,000 after purchasing an additional 93,429 shares during the period. New York Life Investment Management LLC grew its holdings in iShares Convertible Bond ETF by 11.4% during the fourth quarter. New York Life Investment Management LLC now owns 348,445 shares of the company’s stock valued at $27,384,000 after purchasing an additional 35,665 shares during the period. Finally, Prestige Wealth Management Group LLC grew its holdings in iShares Convertible Bond ETF by 14.7% during the first quarter. Prestige Wealth Management Group LLC now owns 334,501 shares of the company’s stock valued at $26,703,000 after purchasing an additional 42,996 shares during the period.

iShares Convertible Bond ETF Stock Down 1.4 %

Shares of iShares Convertible Bond ETF stock traded down $1.10 on Friday, hitting $78.28. The company had a trading volume of 369,018 shares. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18. The stock has a 50-day moving average of $78.94 and a 200-day moving average of $78.44.

iShares Convertible Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were issued 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.