Cornerstone Planning Group LLC Grows Stake in iShares Convertible Bond ETF (BATS:ICVT)

Cornerstone Planning Group LLC grew its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 0.5% during the fourth quarter, Holdings Channel reports. The firm owned 163,761 shares of the company’s stock after purchasing an additional 764 shares during the period. iShares Convertible Bond ETF accounts for about 3.5% of Cornerstone Planning Group LLC’s portfolio, making the stock its 8th largest position. Cornerstone Planning Group LLC’s holdings in iShares Convertible Bond ETF were worth $14,260,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. PSI Advisors LLC acquired a new position in iShares Convertible Bond ETF in the 4th quarter valued at $29,000. Spire Wealth Management grew its stake in iShares Convertible Bond ETF by 56.9% in the 4th quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after buying an additional 164 shares during the last quarter. LGT Financial Advisors LLC grew its position in iShares Convertible Bond ETF by 45.3% in the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after purchasing an additional 164 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new stake in iShares Convertible Bond ETF in the 4th quarter worth $45,000. Finally, Elevation Wealth Partners LLC grew its position in iShares Convertible Bond ETF by 42.6% in the 4th quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock worth $76,000 after purchasing an additional 268 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

BATS ICVT opened at $87.80 on Monday. The company’s fifty day moving average is $87.05 and its two-hundred day moving average is $84.35. iShares Convertible Bond ETF has a 52-week low of $50.43 and a 52-week high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

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

About iShares Convertible Bond ETF

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.