Synergy Investment Management LLC Takes Position in iShares Convertible Bond ETF (BATS:ICVT)

Synergy Investment Management LLC bought a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,628 shares of the company’s stock, valued at approximately $563,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ICVT. Lebenthal Global Advisors LLC lifted its holdings in shares of iShares Convertible Bond ETF by 83.6% during the 4th quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock worth $35,540,000 after acquiring an additional 190,400 shares during the period. Assetmark Inc. raised its stake in iShares Convertible Bond ETF by 150.4% during the third quarter. Assetmark Inc. now owns 254,643 shares of the company’s stock worth $21,306,000 after purchasing an additional 152,939 shares during the period. Insight Wealth Strategies LLC acquired a new position in shares of iShares Convertible Bond ETF in the 4th quarter valued at $10,815,000. Redhawk Wealth Advisors Inc. purchased a new stake in shares of iShares Convertible Bond ETF during the 4th quarter valued at $9,321,000. Finally, Ocean Park Asset Management LLC grew its stake in shares of iShares Convertible Bond ETF by 32.8% during the 4th quarter. Ocean Park Asset Management LLC now owns 356,700 shares of the company’s stock valued at $30,309,000 after buying an additional 88,100 shares during the period.

iShares Convertible Bond ETF Stock Up 0.2 %

Shares of ICVT opened at $85.29 on Tuesday. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18. The stock’s fifty day simple moving average is $86.91 and its 200 day simple moving average is $85.28.

iShares Convertible Bond ETF Increases Dividend

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