Avantax Advisory Services Inc. Buys 624 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Avantax Advisory Services Inc. boosted its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 5.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,582 shares of the company’s stock after acquiring an additional 624 shares during the period. Avantax Advisory Services Inc.’s holdings in iShares Convertible Bond ETF were worth $984,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Icon Wealth Advisors LLC grew its position in shares of iShares Convertible Bond ETF by 4.9% during the third quarter. Icon Wealth Advisors LLC now owns 3,048 shares of the company’s stock valued at $255,000 after purchasing an additional 142 shares in the last quarter. Spire Wealth Management lifted 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 worth $38,000 after buying an additional 164 shares in the last quarter. Keystone Financial Services boosted its stake in iShares Convertible Bond ETF by 5.6% during the fourth quarter. Keystone Financial Services now owns 3,226 shares of the company’s stock valued at $274,000 after buying an additional 170 shares during the last quarter. Ridgewood Investments LLC grew its holdings in iShares Convertible Bond ETF by 3.6% during the 4th quarter. Ridgewood Investments LLC now owns 6,800 shares of the company’s stock valued at $578,000 after buying an additional 238 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. increased its stake in iShares Convertible Bond ETF by 0.5% in the 4th quarter. Wetzel Investment Advisors Inc. now owns 47,256 shares of the company’s stock worth $4,015,000 after acquiring an additional 243 shares during the last quarter.

iShares Convertible Bond ETF Stock Up 0.1 %

Shares of ICVT opened at $85.26 on Thursday. iShares Convertible Bond ETF has a 1 year low of $75.97 and a 1 year high of $89.71. The business’s 50 day simple moving average is $86.56 and its 200-day simple moving average is $85.59.

iShares Convertible Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a dividend of $0.1466 per share. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, March 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.