4,299 Shares in iShares Convertible Bond ETF (BATS:ICVT) Purchased by Absolute Capital Management LLC

Absolute Capital Management LLC bought a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,299 shares of the company’s stock, valued at approximately $365,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ICVT. PSI Advisors LLC acquired a new stake in iShares Convertible Bond ETF during the fourth quarter worth about $29,000. Spire Wealth Management grew its holdings in iShares Convertible Bond ETF by 56.9% during the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock worth $38,000 after acquiring an additional 164 shares during the period. Endeavor Private Wealth Inc. acquired a new stake in iShares Convertible Bond ETF in the fourth quarter valued at approximately $45,000. Elevation Wealth Partners LLC grew 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 purchasing an additional 268 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in iShares Convertible Bond ETF in the fourth quarter valued at approximately $118,000.

iShares Convertible Bond ETF Price Performance

Shares of ICVT opened at $85.09 on Friday. iShares Convertible Bond ETF has a 12 month low of $75.97 and a 12 month high of $89.71. The stock’s 50 day moving average is $86.55 and its two-hundred day moving average is $85.59.

iShares Convertible Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.1466 dividend. This is a positive change from iShares Convertible Bond ETF’s previous dividend of $0.14. The ex-dividend date was Monday, March 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.