Foundations Investment Advisors LLC Purchases 3,560 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Foundations Investment Advisors LLC increased its position in iShares Convertible Bond ETF (BATS:ICVT) by 8.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,844 shares of the company’s stock after acquiring an additional 3,560 shares during the period. Foundations Investment Advisors LLC owned about 0.19% of iShares Convertible Bond ETF worth $3,683,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Advisors Preferred LLC bought a new stake in shares of iShares Convertible Bond ETF during the 1st quarter valued at $26,000. LRI Investments LLC bought a new position in shares of iShares Convertible Bond ETF in the first quarter worth about $29,000. International Assets Investment Management LLC bought a new position in shares of iShares Convertible Bond ETF in the second quarter worth about $33,000. Banque Cantonale Vaudoise lifted its position in shares of iShares Convertible Bond ETF by 34.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 670 shares of the company’s stock valued at $53,000 after buying an additional 170 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of iShares Convertible Bond ETF by 48.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,221 shares of the company’s stock valued at $96,000 after acquiring an additional 397 shares during the period.

iShares Convertible Bond ETF Stock Performance

BATS ICVT opened at $80.09 on Thursday. iShares Convertible Bond ETF has a 12 month low of $50.43 and a 12 month high of $58.18. The company’s 50 day moving average is $79.67 and its two-hundred day moving average is $78.78.

iShares Convertible Bond ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, September 6th. Investors of record on Tuesday, September 3rd will be issued a $0.1528 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd.

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.