99,736 Shares in iShares Convertible Bond ETF (BATS:ICVT) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) in the 4th quarter, HoldingsChannel reports. The fund bought 99,736 shares of the company’s stock, valued at approximately $8,475,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Icon Wealth Advisors LLC increased its stake in iShares Convertible Bond ETF by 4.9% during the third quarter. Icon Wealth Advisors LLC now owns 3,048 shares of the company’s stock valued at $255,000 after purchasing an additional 142 shares during the last quarter. Spire Wealth Management increased its stake in iShares Convertible Bond ETF by 56.9% during the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after purchasing an additional 164 shares during the last quarter. Keystone Financial Services increased its stake in iShares Convertible Bond ETF by 5.6% during the fourth quarter. Keystone Financial Services now owns 3,226 shares of the company’s stock valued at $274,000 after purchasing an additional 170 shares during the last quarter. Ridgewood Investments LLC increased its stake in iShares Convertible Bond ETF by 3.6% during the fourth quarter. Ridgewood Investments LLC now owns 6,800 shares of the company’s stock valued at $578,000 after purchasing an additional 238 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. increased its stake in iShares Convertible Bond ETF by 0.5% during the fourth quarter. Wetzel Investment Advisors Inc. now owns 47,256 shares of the company’s stock valued at $4,015,000 after purchasing an additional 243 shares during the last quarter.

iShares Convertible Bond ETF Trading Down 0.1 %

ICVT stock 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 fifty day moving average price of $86.53 and a two-hundred day moving average price of $85.65.

iShares Convertible Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1466 per share. This is a positive change from iShares Convertible Bond ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, March 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.