Comerica Bank Has $661,000 Holdings in iShares Convertible Bond ETF (BATS:ICVT)

Comerica Bank lessened its stake in iShares Convertible Bond ETF (BATS:ICVT) by 32.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,781 shares of the company’s stock after selling 3,737 shares during the quarter. Comerica Bank’s holdings in iShares Convertible Bond ETF were worth $661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ICVT. Claro Advisors LLC acquired a new position in iShares Convertible Bond ETF during the fourth quarter worth $220,000. PSI Advisors LLC acquired a new position in iShares Convertible Bond ETF during the fourth quarter worth $29,000. Signal Advisors Wealth LLC acquired a new position in iShares Convertible Bond ETF during the fourth quarter worth $216,000. Park Avenue Securities LLC boosted its holdings in iShares Convertible Bond ETF by 43.9% during the fourth quarter. Park Avenue Securities LLC now owns 78,297 shares of the company’s stock worth $6,653,000 after purchasing an additional 23,902 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new position in iShares Convertible Bond ETF during the fourth quarter worth $9,321,000.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT opened at $87.68 on Thursday. iShares Convertible Bond ETF has a 12 month low of $75.97 and a 12 month high of $89.71. The firm has a fifty day simple moving average of $83.68 and a 200 day simple moving average of $85.81.

iShares Convertible Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.1466 per share. This is a boost 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.