Alterna Wealth Management Inc. Raises Stock Position in iShares Convertible Bond ETF (BATS:ICVT)

Alterna Wealth Management Inc. grew its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 17.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,256 shares of the company’s stock after purchasing an additional 645 shares during the quarter. Alterna Wealth Management Inc.’s holdings in iShares Convertible Bond ETF were worth $356,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Acute Investment Advisory LLC acquired a new stake in iShares Convertible Bond ETF during the 3rd quarter worth approximately $2,595,000. Janney Montgomery Scott LLC increased its position in shares of iShares Convertible Bond ETF by 2.4% during the third quarter. Janney Montgomery Scott LLC now owns 41,381 shares of the company’s stock worth $3,462,000 after acquiring an additional 957 shares during the period. Farther Finance Advisors LLC raised its stake in shares of iShares Convertible Bond ETF by 5.0% in the third quarter. Farther Finance Advisors LLC now owns 8,071 shares of the company’s stock valued at $675,000 after acquiring an additional 385 shares in the last quarter. CacheTech Inc. boosted its holdings in iShares Convertible Bond ETF by 4.9% in the third quarter. CacheTech Inc. now owns 161,221 shares of the company’s stock valued at $13,489,000 after purchasing an additional 7,595 shares during the period. Finally, Lebenthal Global Advisors LLC grew its stake in iShares Convertible Bond ETF by 93.4% during the 3rd quarter. Lebenthal Global Advisors LLC now owns 227,871 shares of the company’s stock worth $19,066,000 after purchasing an additional 110,055 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of BATS ICVT opened at $83.90 on Tuesday. The stock’s 50-day moving average is $82.78 and its two-hundred day moving average is $80.19. iShares Convertible Bond ETF has a 1-year low of $50.43 and a 1-year high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

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