Steward Partners Investment Advisory LLC Grows Position in iShares Convertible Bond ETF (BATS:ICVT)

Steward Partners Investment Advisory LLC lifted its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 43.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,906 shares of the company’s stock after purchasing an additional 1,475 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in iShares Convertible Bond ETF were worth $417,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PSI Advisors LLC purchased a new position in iShares Convertible Bond ETF in the fourth quarter valued at about $29,000. Spire Wealth Management increased its holdings in iShares Convertible Bond ETF by 56.9% in the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after buying an additional 164 shares during the last quarter. Endeavor Private Wealth Inc. bought a new stake in iShares Convertible Bond ETF in the fourth quarter valued at about $45,000. Elevation Wealth Partners LLC boosted its stake in iShares Convertible Bond ETF by 42.6% in the fourth quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock valued at $76,000 after acquiring an additional 268 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in iShares Convertible Bond ETF in the fourth quarter valued at approximately $118,000.

iShares Convertible Bond ETF Trading Down 2.3 %

Shares of BATS ICVT opened at $83.16 on Friday. The stock has a 50 day simple moving average of $86.69 and a 200-day simple moving average of $85.48. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18.

iShares Convertible Bond ETF Increases Dividend

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