Scarborough Advisors LLC Increases Position in iShares Convertible Bond ETF (BATS:ICVT)

Scarborough Advisors LLC raised its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 34.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,335 shares of the company’s stock after purchasing an additional 1,862 shares during the period. Scarborough Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $623,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ICVT. Greenleaf Trust raised its holdings in shares of iShares Convertible Bond ETF by 2.7% during the 4th quarter. Greenleaf Trust now owns 430,412 shares of the company’s stock valued at $36,572,000 after buying an additional 11,363 shares in the last quarter. Lebenthal Global Advisors LLC raised its stake in shares of iShares Convertible Bond ETF by 83.6% during the fourth quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock worth $35,540,000 after acquiring an additional 190,400 shares in the last quarter. Ocean Park Asset Management LLC lifted its holdings in shares of iShares Convertible Bond ETF by 32.8% in the 4th quarter. Ocean Park Asset Management LLC now owns 356,700 shares of the company’s stock worth $30,309,000 after acquiring an additional 88,100 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of iShares Convertible Bond ETF by 150.4% in the 3rd quarter. Assetmark Inc. now owns 254,643 shares of the company’s stock worth $21,306,000 after acquiring an additional 152,939 shares during the last quarter. Finally, Pictet North America Advisors SA boosted its stake in shares of iShares Convertible Bond ETF by 55.6% in the 4th quarter. Pictet North America Advisors SA now owns 229,300 shares of the company’s stock valued at $19,484,000 after purchasing an additional 81,916 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 4.4 %

Shares of BATS:ICVT opened at $88.84 on Friday. The company’s fifty day moving average is $86.99 and its 200 day moving average is $84.59. 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 announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid 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.