Spectrum Wealth Advisory Group LLC Makes New $806,000 Investment in American Century Quality Convertible Securities ETF (BATS:QCON)

Spectrum Wealth Advisory Group LLC acquired a new position in American Century Quality Convertible Securities ETF (BATS:QCON) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 17,698 shares of the company’s stock, valued at approximately $806,000. American Century Quality Convertible Securities ETF comprises about 0.4% of Spectrum Wealth Advisory Group LLC’s portfolio, making the stock its 27th biggest position.

Separately, MML Investors Services LLC increased its position in shares of American Century Quality Convertible Securities ETF by 27.2% during the 3rd quarter. MML Investors Services LLC now owns 8,202 shares of the company’s stock valued at $368,000 after purchasing an additional 1,752 shares during the last quarter.

American Century Quality Convertible Securities ETF Trading Up 3.3 %

BATS QCON opened at $46.94 on Friday. The company has a market cap of $46.00 million, a P/E ratio of 26.61 and a beta of 0.51. The firm’s fifty day moving average is $46.28 and its 200 day moving average is $45.31.

American Century Quality Convertible Securities ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were given a dividend of $0.0672 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from American Century Quality Convertible Securities ETF’s previous dividend of $0.06.

American Century Quality Convertible Securities ETF Profile

The American Century Quality Convertible Securities ETF (QCON) is an exchange-traded fund that is based on the ICE BofA Convertible index. The fund is actively managed to provide an investment portfolio of US convertible securities, of any credit quality, using a proprietary screening method. QCON was launched on Feb 16, 2021 and is managed by American Century Investments.