SigFig Wealth Management LLC Has $694,000 Position in iShares Convertible Bond ETF (BATS:ICVT)

SigFig Wealth Management LLC increased its stake in iShares Convertible Bond ETF (BATS:ICVT) by 26.7% in the 4th quarter, Holdings Channel reports. The firm owned 8,155 shares of the company’s stock after purchasing an additional 1,721 shares during the period. SigFig Wealth Management LLC’s holdings in iShares Convertible Bond ETF were worth $694,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. increased its position in iShares Convertible Bond ETF by 23.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,033 shares of the company’s stock worth $343,000 after buying an additional 766 shares during the period. SG Americas Securities LLC bought a new position in iShares Convertible Bond ETF in the 4th quarter worth approximately $544,000. Truist Financial Corp increased its position in iShares Convertible Bond ETF by 11.0% in the 4th quarter. Truist Financial Corp now owns 43,458 shares of the company’s stock worth $3,693,000 after buying an additional 4,300 shares during the period. JPMorgan Chase & Co. increased its position in iShares Convertible Bond ETF by 32.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,239 shares of the company’s stock worth $19,097,000 after buying an additional 56,149 shares during the period. Finally, Centerline Wealth Advisors LLC bought a new position in iShares Convertible Bond ETF in the 4th quarter worth approximately $5,511,000.

iShares Convertible Bond ETF Stock Performance

ICVT opened at $85.09 on Friday. iShares Convertible Bond ETF has a 1 year low of $75.97 and a 1 year high of $89.71. The stock’s 50 day simple moving average is $86.55 and its 200-day simple moving average is $85.59.

iShares Convertible Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1466 per share. The ex-dividend date was Monday, March 3rd. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.14.

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.