Envestnet Asset Management Inc. Cuts Stake in American Century Quality Convertible Securities ETF (BATS:QCON)

Envestnet Asset Management Inc. reduced its position in American Century Quality Convertible Securities ETF (BATS:QCON) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 492,055 shares of the company’s stock after selling 10,995 shares during the quarter. Envestnet Asset Management Inc. owned 50.21% of American Century Quality Convertible Securities ETF worth $22,407,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in QCON. LPL Financial LLC bought a new stake in shares of American Century Quality Convertible Securities ETF in the 4th quarter valued at about $222,000. MML Investors Services LLC increased its holdings in American Century Quality Convertible Securities ETF by 27.2% during the third quarter. MML Investors Services LLC now owns 8,202 shares of the company’s stock valued at $368,000 after buying an additional 1,752 shares during the period. Finally, Spectrum Wealth Advisory Group LLC bought a new position in American Century Quality Convertible Securities ETF in the fourth quarter worth approximately $806,000.

American Century Quality Convertible Securities ETF Stock Down 0.9 %

American Century Quality Convertible Securities ETF stock opened at $43.56 on Monday. The firm has a market cap of $45.30 million, a P/E ratio of 28.01 and a beta of 0.61. The business has a fifty day moving average of $45.18 and a two-hundred day moving average of $45.72. American Century Quality Convertible Securities ETF has a twelve month low of $41.20 and a twelve month high of $47.50.

American Century Quality Convertible Securities ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were given a dividend of $0.0784 per share. The ex-dividend date was Monday, March 3rd. This is an increase from American Century Quality Convertible Securities ETF’s previous dividend of $0.07.

About American Century Quality Convertible Securities ETF

The American Century Quality Convertible Securities ETF (QCON) is an exchange-traded fund that is based on the ICE BofA Convertible index. The fund is actively managed to provide an investment portfolio of US convertible securities, of any credit quality, using a proprietary screening method. QCON was launched on Feb 16, 2021 and is managed by American Century Investments.