Ocean Park Asset Management LLC Increases Stock Position in iShares Convertible Bond ETF (BATS:ICVT)

Ocean Park Asset Management LLC grew its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 32.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 356,700 shares of the company’s stock after acquiring an additional 88,100 shares during the quarter. iShares Convertible Bond ETF comprises about 1.0% of Ocean Park Asset Management LLC’s investment portfolio, making the stock its 16th biggest holding. Ocean Park Asset Management LLC’s holdings in iShares Convertible Bond ETF were worth $30,309,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. PSI Advisors LLC bought a new stake in iShares Convertible Bond ETF during the fourth quarter valued at approximately $29,000. Spire Wealth Management grew its position in iShares Convertible Bond ETF by 56.9% during the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after buying an additional 164 shares during the period. LGT Financial Advisors LLC grew its position 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 buying an additional 164 shares during the period. Endeavor Private Wealth Inc. bought a new stake in iShares Convertible Bond ETF during the fourth quarter valued at approximately $45,000. Finally, Elevation Wealth Partners LLC grew its position in iShares Convertible Bond ETF by 42.6% during the fourth quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock valued at $76,000 after buying an additional 268 shares during the period.

iShares Convertible Bond ETF Trading Up 3.7 %

ICVT opened at $88.25 on Tuesday. iShares Convertible Bond ETF has a 1-year low of $50.43 and a 1-year high of $58.18. The company has a 50 day simple moving average of $87.04 and a two-hundred day simple moving average of $84.42.

iShares Convertible Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.1406 dividend. The ex-dividend date was Monday, February 3rd.

iShares Convertible Bond ETF Company 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.