New York Life Investment Management LLC Grows Stock Holdings in iShares Convertible Bond ETF (BATS:ICVT)

New York Life Investment Management LLC boosted its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 492,630 shares of the company’s stock after purchasing an additional 14,762 shares during the quarter. New York Life Investment Management LLC owned about 2.04% of iShares Convertible Bond ETF worth $41,859,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Lebenthal Global Advisors LLC raised its stake in shares of iShares Convertible Bond ETF by 83.6% in the fourth quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock valued at $35,540,000 after acquiring an additional 190,400 shares during the period. Assetmark Inc. raised its stake in shares of iShares Convertible Bond ETF by 150.4% in the third quarter. Assetmark Inc. now owns 254,643 shares of the company’s stock valued at $21,306,000 after acquiring an additional 152,939 shares during the period. Insight Wealth Strategies LLC purchased a new stake in shares of iShares Convertible Bond ETF in the fourth quarter valued at $10,815,000. Redhawk Wealth Advisors Inc. purchased a new stake in shares of iShares Convertible Bond ETF in the fourth quarter valued at $9,321,000. Finally, Ocean Park Asset Management LLC raised its stake in shares of iShares Convertible Bond ETF by 32.8% in the fourth quarter. Ocean Park Asset Management LLC now owns 356,700 shares of the company’s stock valued at $30,309,000 after acquiring an additional 88,100 shares during the period.

iShares Convertible Bond ETF Stock Up 1.7 %

ICVT stock opened at $86.54 on Thursday. iShares Convertible Bond ETF has a 12 month low of $50.43 and a 12 month high of $58.18. The firm’s 50-day moving average is $86.89 and its 200 day moving average is $85.14.

iShares Convertible Bond ETF Cuts Dividend

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

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.