Centurion Wealth Management LLC Increases Holdings in iShares Convertible Bond ETF (BATS:ICVT)

Centurion Wealth Management LLC grew its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,569 shares of the company’s stock after purchasing an additional 1,028 shares during the period. Centurion Wealth Management LLC’s holdings in iShares Convertible Bond ETF were worth $898,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Lebenthal Global Advisors LLC lifted its position in shares of iShares Convertible Bond ETF by 83.6% in the fourth quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock worth $35,540,000 after buying an additional 190,400 shares in the last quarter. Insight Wealth Strategies LLC bought a new position in shares of iShares Convertible Bond ETF during the fourth quarter valued at approximately $10,815,000. Redhawk Wealth Advisors Inc. bought a new position in iShares Convertible Bond ETF in the fourth quarter worth approximately $9,321,000. Raymond James Financial Inc. bought a new position in iShares Convertible Bond ETF in the fourth quarter worth approximately $8,475,000. Finally, Ocean Park Asset Management LLC grew its stake in 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 purchasing an additional 88,100 shares in the last quarter.

iShares Convertible Bond ETF Trading Down 0.9 %

Shares of ICVT opened at $84.38 on Friday. iShares Convertible Bond ETF has a 12 month low of $75.97 and a 12 month high of $89.71. The stock has a fifty day moving average price of $86.64 and a 200-day moving average price of $85.51.

iShares Convertible Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given 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 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.