Horst & Graben Wealth Management LLC Purchases 6,537 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Horst & Graben Wealth Management LLC lifted its position in iShares Convertible Bond ETF (BATS:ICVT) by 48.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,139 shares of the company’s stock after purchasing an additional 6,537 shares during the quarter. Horst & Graben Wealth Management LLC owned about 0.08% of iShares Convertible Bond ETF worth $1,711,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. PSI Advisors LLC bought a new stake in iShares Convertible Bond ETF during the fourth quarter valued at approximately $29,000. Spire Wealth Management raised its position in shares of iShares Convertible Bond ETF by 56.9% during the 4th quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after buying an additional 164 shares in the last quarter. LGT Financial Advisors LLC lifted its holdings in shares of iShares Convertible Bond ETF by 45.3% during the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after acquiring an additional 164 shares during the last quarter. Endeavor Private Wealth Inc. bought a new stake in shares of iShares Convertible Bond ETF during the 4th quarter worth $45,000. Finally, First Horizon Advisors Inc. grew its position in iShares Convertible Bond ETF by 25.7% in the third quarter. First Horizon Advisors Inc. now owns 1,535 shares of the company’s stock worth $129,000 after acquiring an additional 314 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

BATS ICVT opened at $87.77 on Friday. The stock’s 50-day simple moving average is $87.19 and its two-hundred day simple moving average is $84.06. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be issued a dividend of $0.1406 per share. The ex-dividend date is Monday, February 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.