Dynasty Wealth Management LLC Makes New Investment in iShares Convertible Bond ETF (BATS:ICVT)

Dynasty Wealth Management LLC bought a new position in iShares Convertible Bond ETF (BATS:ICVT) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 16,472 shares of the company’s stock, valued at approximately $1,400,000.

Several other institutional investors also recently modified their holdings of the business. PSI Advisors LLC purchased a new stake in iShares Convertible Bond ETF in the fourth quarter worth about $29,000. Spire Wealth Management grew its stake in shares of iShares Convertible Bond ETF by 56.9% in the 4th quarter. Spire Wealth Management now owns 452 shares of the company’s stock worth $38,000 after buying an additional 164 shares during the last quarter. LGT Financial Advisors LLC boosted its holdings in iShares Convertible Bond ETF by 45.3% in the third quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after acquiring an additional 164 shares in the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of iShares Convertible Bond ETF during the fourth quarter valued at $45,000. Finally, Elevation Wealth Partners LLC raised its position 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 worth $76,000 after purchasing an additional 268 shares during the last quarter.

iShares Convertible Bond ETF Price Performance

Shares of ICVT stock opened at $85.85 on Friday. iShares Convertible Bond ETF has a one year low of $50.43 and a one year high of $58.18. The company’s 50-day moving average is $86.89 and its 200 day moving average is $85.14.

iShares Convertible Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid 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.