Baird Financial Group Inc. Makes New Investment in iShares Convertible Bond ETF (BATS:ICVT)

Baird Financial Group Inc. purchased a new stake in iShares Convertible Bond ETF (BATS:ICVT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,606 shares of the company’s stock, valued at approximately $306,000.

Other hedge funds have also recently modified their holdings of the company. Baker Avenue Asset Management LP lifted its stake in shares of iShares Convertible Bond ETF by 11.1% during the 4th quarter. Baker Avenue Asset Management LP now owns 273,244 shares of the company’s stock worth $23,218,000 after purchasing an additional 27,361 shares during the last quarter. Bank of America Corp DE lifted its position in shares of iShares Convertible Bond ETF by 5.9% during the fourth quarter. Bank of America Corp DE now owns 2,454,117 shares of the company’s stock valued at $208,526,000 after buying an additional 136,263 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of iShares Convertible Bond ETF by 81.3% in the 4th quarter. Ameriprise Financial Inc. now owns 187,134 shares of the company’s stock valued at $15,897,000 after buying an additional 83,891 shares in the last quarter. Aptus Capital Advisors LLC grew its position in shares of iShares Convertible Bond ETF by 18.2% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,279 shares of the company’s stock worth $109,000 after buying an additional 197 shares during the last quarter. Finally, 360 Financial Inc. grew its position in shares of iShares Convertible Bond ETF by 3.6% in the 4th quarter. 360 Financial Inc. now owns 141,367 shares of the company’s stock worth $12,012,000 after buying an additional 4,951 shares during the last quarter.

iShares Convertible Bond ETF Price Performance

BATS:ICVT opened at $87.90 on Friday. iShares Convertible Bond ETF has a 52 week low of $75.97 and a 52 week high of $89.71. The firm has a 50 day moving average of $83.86 and a 200 day moving average of $85.84.

iShares Convertible Bond ETF Increases Dividend

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

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.