Keystone Wealth Services LLC Invests $1.04 Million in iShares Convertible Bond ETF (BATS:ICVT)

Keystone Wealth Services LLC purchased a new stake in iShares Convertible Bond ETF (BATS:ICVT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,225 shares of the company’s stock, valued at approximately $1,039,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. PSI Advisors LLC bought a new stake in shares of iShares Convertible Bond ETF during the 4th quarter worth approximately $29,000. Spire Wealth Management lifted 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 purchasing an additional 164 shares during the last quarter. LGT Financial Advisors LLC boosted its holdings in shares of iShares Convertible Bond ETF by 45.3% in the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock valued at $44,000 after purchasing an additional 164 shares in the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of iShares Convertible Bond ETF in the 4th quarter valued at $45,000. Finally, Elevation Wealth Partners LLC increased 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 purchasing an additional 268 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT stock opened at $86.35 on Monday. The business has a fifty day simple moving average of $86.91 and a 200 day simple moving average of $85.28. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18.

iShares Convertible Bond ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be issued a $0.1466 dividend. The ex-dividend date is Monday, March 3rd. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.14.

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.