Commonwealth Equity Services LLC Buys 4,194 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Commonwealth Equity Services LLC grew its stake in iShares Convertible Bond ETF (BATS:ICVT) by 20.4% during the fourth quarter, HoldingsChannel reports. The firm owned 24,780 shares of the company’s stock after buying an additional 4,194 shares during the quarter. Commonwealth Equity Services LLC’s holdings in iShares Convertible Bond ETF were worth $2,106,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ICVT. New York Life Investment Management LLC grew its stake in shares of iShares Convertible Bond ETF by 3.1% during the fourth quarter. New York Life Investment Management LLC now owns 492,630 shares of the company’s stock worth $41,859,000 after buying an additional 14,762 shares during the last quarter. Greenleaf Trust lifted its stake in shares of iShares Convertible Bond ETF by 2.7% in the 4th quarter. Greenleaf Trust now owns 430,412 shares of the company’s stock valued at $36,572,000 after acquiring an additional 11,363 shares during the last quarter. Lebenthal Global Advisors LLC boosted its holdings in shares of iShares Convertible Bond ETF by 83.6% during the 4th quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock valued at $35,540,000 after acquiring an additional 190,400 shares in the last quarter. Ocean Park Asset Management LLC grew its position in iShares Convertible Bond ETF by 32.8% during the 4th quarter. Ocean Park Asset Management LLC now owns 356,700 shares of the company’s stock worth $30,309,000 after acquiring an additional 88,100 shares during the last quarter. Finally, Howard Capital Management Inc. increased its holdings in iShares Convertible Bond ETF by 5.2% in the 4th quarter. Howard Capital Management Inc. now owns 337,900 shares of the company’s stock worth $28,711,000 after purchasing an additional 16,800 shares in the last quarter.

iShares Convertible Bond ETF Trading Down 0.1 %

iShares Convertible Bond ETF stock opened at $85.03 on Friday. The stock has a 50-day moving average price of $86.56 and a two-hundred day moving average price of $85.77. iShares Convertible Bond ETF has a 12 month low of $75.97 and a 12 month high of $89.71.

iShares Convertible Bond ETF Increases Dividend

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

iShares Convertible Bond ETF 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.