Baron Financial Group LLC Has $4.09 Million Stake in iShares Convertible Bond ETF (BATS:ICVT)

Baron Financial Group LLC lowered its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 0.7% during the third quarter, Holdings Channel reports. The institutional investor owned 48,927 shares of the company’s stock after selling 328 shares during the quarter. iShares Convertible Bond ETF comprises about 2.5% of Baron Financial Group LLC’s investment portfolio, making the stock its 16th biggest position. Baron Financial Group LLC’s holdings in iShares Convertible Bond ETF were worth $4,094,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in shares of iShares Convertible Bond ETF by 14.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,094,735 shares of the company’s stock worth $86,079,000 after buying an additional 138,493 shares in the last quarter. Susquehanna International Group LLP bought a new stake in iShares Convertible Bond ETF in the second quarter valued at $80,458,000. 1832 Asset Management L.P. raised its stake in iShares Convertible Bond ETF by 162.9% during the second quarter. 1832 Asset Management L.P. now owns 729,587 shares of the company’s stock worth $57,367,000 after acquiring an additional 452,039 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of iShares Convertible Bond ETF by 8.4% during the second quarter. LPL Financial LLC now owns 503,155 shares of the company’s stock valued at $39,563,000 after acquiring an additional 38,791 shares during the period. Finally, AMG National Trust Bank grew its holdings in shares of iShares Convertible Bond ETF by 7.7% in the 2nd quarter. AMG National Trust Bank now owns 484,267 shares of the company’s stock worth $38,078,000 after purchasing an additional 34,749 shares during the last quarter.

iShares Convertible Bond ETF Trading Up 0.4 %

Shares of iShares Convertible Bond ETF stock opened at $84.75 on Friday. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18. The company has a 50-day simple moving average of $81.85 and a 200 day simple moving average of $79.69.

iShares Convertible Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a $0.1528 dividend. The ex-dividend date of this dividend was Tuesday, September 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.