Golden State Wealth Management LLC Invests $118,000 in iShares Convertible Bond ETF (BATS:ICVT)

Golden State Wealth Management LLC bought a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,392 shares of the company’s stock, valued at approximately $118,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Lebenthal Global Advisors LLC lifted its holdings in shares of iShares Convertible Bond ETF by 83.6% during the fourth quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock worth $35,540,000 after buying an additional 190,400 shares in the last quarter. Assetmark Inc. increased its position in iShares Convertible Bond ETF by 150.4% during the third quarter. Assetmark Inc. now owns 254,643 shares of the company’s stock worth $21,306,000 after acquiring an additional 152,939 shares during the period. Insight Wealth Strategies LLC acquired a new stake in iShares Convertible Bond ETF in the 4th quarter worth about $10,815,000. Redhawk Wealth Advisors Inc. bought a new stake in iShares Convertible Bond ETF in the 4th quarter valued at about $9,321,000. Finally, Onyx Bridge Wealth Group LLC raised its position in shares of iShares Convertible Bond ETF by 1,283.1% in the fourth quarter. Onyx Bridge Wealth Group LLC now owns 90,194 shares of the company’s stock valued at $7,664,000 after buying an additional 83,673 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 3.1 %

Shares of ICVT stock opened at $87.80 on Monday. iShares Convertible Bond ETF has a 1 year low of $50.43 and a 1 year high of $58.18. The stock has a 50 day simple moving average of $87.05 and a 200 day simple moving average of $84.35.

iShares Convertible Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.1406 per share. The ex-dividend date was Monday, February 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.