iShares Convertible Bond ETF (BATS:ICVT) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. raised its position in iShares Convertible Bond ETF (BATS:ICVT) by 35.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,385 shares of the company’s stock after purchasing an additional 2,960 shares during the quarter. Blue Trust Inc.’s holdings in iShares Convertible Bond ETF were worth $967,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ICVT. PSI Advisors LLC acquired a new stake in shares of iShares Convertible Bond ETF during the 4th quarter worth about $29,000. Spire Wealth Management boosted its stake in iShares Convertible Bond ETF by 56.9% during the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock worth $38,000 after buying an additional 164 shares during the period. LGT Financial Advisors LLC boosted 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 worth $44,000 after buying an additional 164 shares during the period. Endeavor Private Wealth Inc. acquired a new stake in shares of iShares Convertible Bond ETF during the fourth quarter valued at about $45,000. Finally, Elevation Wealth Partners LLC raised its stake in shares of iShares Convertible Bond ETF by 42.6% in the 4th quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock valued at $76,000 after acquiring an additional 268 shares during the period.

iShares Convertible Bond ETF Stock Up 4.4 %

BATS:ICVT opened at $88.84 on Friday. iShares Convertible Bond ETF has a fifty-two week low of $50.43 and a fifty-two week high of $58.18. The company has a 50 day moving average price of $86.99 and a 200 day moving average price of $84.62.

iShares Convertible Bond ETF Cuts Dividend

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

About iShares Convertible Bond ETF

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.