49,309 Shares in iShares Convertible Bond ETF (BATS:ICVT) Purchased by Financial Sense Advisors Inc.

Financial Sense Advisors Inc. acquired a new stake in iShares Convertible Bond ETF (BATS:ICVT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 49,309 shares of the company’s stock, valued at approximately $4,190,000. iShares Convertible Bond ETF accounts for approximately 1.4% of Financial Sense Advisors Inc.’s holdings, making the stock its 18th largest holding. Financial Sense Advisors Inc. owned about 0.20% of iShares Convertible Bond ETF at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. PSI Advisors LLC bought a new stake in iShares Convertible Bond ETF in the 4th quarter valued at $29,000. Spire Wealth Management raised its position in shares of iShares Convertible Bond ETF by 56.9% in the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after purchasing an additional 164 shares during the period. LGT Financial Advisors LLC lifted its stake in shares of iShares Convertible Bond ETF by 45.3% during the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after buying an additional 164 shares during the last quarter. Endeavor Private Wealth Inc. bought a new stake in shares of iShares Convertible Bond ETF during the 4th quarter worth about $45,000. Finally, Elevation Wealth Partners LLC grew its stake 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 valued at $76,000 after buying an additional 268 shares during the last quarter.

iShares Convertible Bond ETF Price Performance

iShares Convertible Bond ETF stock opened at $88.78 on Thursday. The company’s 50-day moving average price is $87.01 and its two-hundred day moving average price is $84.83. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.1406 per share. The ex-dividend date was Monday, February 3rd.

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.