Thrivent Financial for Lutherans Purchases 102,731 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Thrivent Financial for Lutherans grew its position in iShares Convertible Bond ETF (BATS:ICVT) by 597.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,923 shares of the company’s stock after acquiring an additional 102,731 shares during the period. Thrivent Financial for Lutherans owned 0.50% of iShares Convertible Bond ETF worth $10,457,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. raised its stake in shares of iShares Convertible Bond ETF by 23.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,033 shares of the company’s stock valued at $343,000 after acquiring an additional 766 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of iShares Convertible Bond ETF in the fourth quarter valued at approximately $544,000. Truist Financial Corp raised its stake in shares of iShares Convertible Bond ETF by 11.0% in the fourth quarter. Truist Financial Corp now owns 43,458 shares of the company’s stock valued at $3,693,000 after acquiring an additional 4,300 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares Convertible Bond ETF by 32.6% in the third quarter. JPMorgan Chase & Co. now owns 228,239 shares of the company’s stock valued at $19,097,000 after acquiring an additional 56,149 shares during the last quarter. Finally, Centerline Wealth Advisors LLC bought a new position in shares of iShares Convertible Bond ETF in the fourth quarter valued at approximately $5,511,000.

iShares Convertible Bond ETF Trading Down 0.1 %

BATS:ICVT opened at $85.01 on Friday. iShares Convertible Bond ETF has a 1 year low of $75.97 and a 1 year high of $89.71. The firm has a 50 day moving average of $86.53 and a 200-day moving average of $85.65.

iShares Convertible Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a $0.1466 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.14.

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.