Sovran Advisors LLC Invests $236,000 in iShares Convertible Bond ETF (BATS:ICVT)

Sovran Advisors LLC purchased a new stake in iShares Convertible Bond ETF (BATS:ICVT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,771 shares of the company’s stock, valued at approximately $236,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ICVT. Creative Planning lifted its position in iShares Convertible Bond ETF by 12.3% in the third quarter. Creative Planning now owns 3,325 shares of the company’s stock valued at $278,000 after purchasing an additional 363 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake 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 valued at $343,000 after purchasing an additional 766 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of iShares Convertible Bond ETF during the fourth quarter valued at approximately $544,000. JPMorgan Chase & Co. boosted its stake 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 last quarter. Finally, Private Advisor Group LLC boosted its position in shares of iShares Convertible Bond ETF by 3.9% in the third quarter. Private Advisor Group LLC now owns 31,568 shares of the company’s stock worth $2,641,000 after acquiring an additional 1,199 shares during the last quarter.

iShares Convertible Bond ETF Trading Up 4.1 %

Shares of BATS:ICVT opened at $88.64 on Friday. iShares Convertible Bond ETF has a 1 year low of $50.43 and a 1 year high of $58.18. The stock has a 50-day simple moving average of $87.00 and a 200-day simple moving average of $84.50.

iShares Convertible Bond ETF Cuts Dividend

The firm also recently announced 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 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.