TSA Wealth Managment LLC Grows Position in iShares Convertible Bond ETF (BATS:ICVT)

TSA Wealth Managment LLC lifted its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 29.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,582 shares of the company’s stock after buying an additional 5,521 shares during the period. iShares Convertible Bond ETF makes up 0.8% of TSA Wealth Managment LLC’s portfolio, making the stock its 21st biggest position. TSA Wealth Managment LLC’s holdings in iShares Convertible Bond ETF were worth $2,089,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. PSI Advisors LLC bought a new position in iShares Convertible Bond ETF in the fourth quarter valued at about $29,000. Spire Wealth Management lifted its holdings in 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 acquiring an additional 164 shares during the period. LGT Financial Advisors LLC lifted its holdings in iShares Convertible Bond ETF by 45.3% in the third quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock valued at $44,000 after acquiring an additional 164 shares during the period. Endeavor Private Wealth Inc. bought a new position in iShares Convertible Bond ETF in the fourth quarter valued at about $45,000. Finally, Elevation Wealth Partners LLC lifted its holdings in iShares Convertible Bond ETF by 42.6% in the fourth quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock valued at $76,000 after acquiring an additional 268 shares during the period.

iShares Convertible Bond ETF Price Performance

ICVT stock opened at $85.29 on Tuesday. iShares Convertible Bond ETF has a fifty-two week low of $50.43 and a fifty-two week high of $58.18. The business’s 50-day moving average is $86.91 and its two-hundred day moving average is $85.28.

iShares Convertible Bond ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be issued a $0.1466 dividend. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.14. The ex-dividend date is Monday, March 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.