C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Boosts Stock Position in iShares Convertible Bond ETF (BATS:ICVT)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 80.4% during the 4th quarter, HoldingsChannel reports. The fund owned 13,309 shares of the company’s stock after buying an additional 5,932 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in iShares Convertible Bond ETF were worth $1,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ICVT. Lebenthal Global Advisors LLC lifted its position in shares of iShares Convertible Bond ETF by 83.6% during the fourth quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock worth $35,540,000 after acquiring an additional 190,400 shares in the last quarter. Assetmark Inc. lifted its position in shares of iShares Convertible Bond ETF by 150.4% during the third quarter. Assetmark Inc. now owns 254,643 shares of the company’s stock worth $21,306,000 after acquiring an additional 152,939 shares in the last quarter. Insight Wealth Strategies LLC purchased a new stake in shares of iShares Convertible Bond ETF during the fourth quarter worth $10,815,000. Redhawk Wealth Advisors Inc. purchased a new stake in shares of iShares Convertible Bond ETF in the fourth quarter worth $9,321,000. Finally, Ocean Park Asset Management LLC raised its position in shares of iShares Convertible Bond ETF by 32.8% in the fourth quarter. Ocean Park Asset Management LLC now owns 356,700 shares of the company’s stock worth $30,309,000 after buying an additional 88,100 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 4.8 %

Shares of ICVT stock opened at $89.24 on Wednesday. iShares Convertible Bond ETF has a 52-week low of $50.43 and a 52-week high of $58.18. The business’s fifty day moving average is $86.99 and its 200 day moving average is $84.72.

iShares Convertible Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.1406 dividend. The ex-dividend date of this dividend was Monday, February 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.