2,642 Shares in iShares Convertible Bond ETF (BATS:ICVT) Purchased by Cypress Wealth Services LLC

Cypress Wealth Services LLC acquired a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,642 shares of the company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ICVT. Cary Street Partners Investment Advisory LLC boosted its holdings in iShares Convertible Bond ETF by 100.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 348 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares during the period. Blue Trust Inc. boosted its holdings in iShares Convertible Bond ETF by 91.0% during the 4th quarter. Blue Trust Inc. now owns 466 shares of the company’s stock valued at $34,000 after acquiring an additional 222 shares during the period. AdvisorNet Financial Inc boosted its stake in shares of iShares Convertible Bond ETF by 122.0% in the 4th quarter. AdvisorNet Financial Inc now owns 606 shares of the company’s stock valued at $48,000 after buying an additional 333 shares during the period. Banque Cantonale Vaudoise boosted its stake in shares of iShares Convertible Bond ETF by 34.0% in 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 during the period. Finally, Pinnacle Holdings LLC purchased a new position in shares of iShares Convertible Bond ETF in the 4th quarter valued at about $133,000.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT traded up $0.35 during midday trading on Thursday, hitting $78.81. The company had a trading volume of 69,663 shares. The company’s 50-day simple moving average is $78.18 and its 200-day simple moving average is $78.09. iShares Convertible Bond ETF has a 1 year low of $50.43 and a 1 year high of $58.18.

iShares Convertible Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were paid a dividend of $0.1539 per share. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.13. The ex-dividend date was Monday, June 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.