JB Capital LLC Cuts Position in iShares Convertible Bond ETF (BATS:ICVT)

JB Capital LLC lowered its stake in iShares Convertible Bond ETF (BATS:ICVT) by 3.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,225 shares of the company’s stock after selling 215 shares during the quarter. JB Capital LLC’s holdings in iShares Convertible Bond ETF were worth $521,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Stokes Family Office LLC increased its position in shares of iShares Convertible Bond ETF by 3.8% during the 2nd quarter. Stokes Family Office LLC now owns 3,808 shares of the company’s stock valued at $299,000 after purchasing an additional 141 shares during the period. Austin Private Wealth LLC boosted its position in shares of iShares Convertible Bond ETF by 2.7% in the second quarter. Austin Private Wealth LLC now owns 5,693 shares of the company’s stock worth $448,000 after buying an additional 152 shares during the period. Horst & Graben Wealth Management LLC boosted its position in iShares Convertible Bond ETF by 1.3% during the second quarter. Horst & Graben Wealth Management LLC now owns 11,977 shares of the company’s stock valued at $942,000 after purchasing an additional 153 shares during the last quarter. Braun Bostich & Associates Inc. boosted its position in iShares Convertible Bond ETF by 3.8% during the third quarter. Braun Bostich & Associates Inc. now owns 4,198 shares of the company’s stock valued at $351,000 after purchasing an additional 155 shares during the last quarter. Finally, LGT Financial Advisors LLC increased its stake in iShares Convertible Bond ETF by 45.3% during the third quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock valued at $44,000 after acquiring an additional 164 shares during the period.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT opened at $86.15 on Friday. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18. The stock’s 50-day moving average price is $83.04 and its 200 day moving average price is $80.32.

iShares Convertible Bond ETF Cuts Dividend

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