Howard Capital Management Inc. Increases Stock Holdings in iShares Convertible Bond ETF (BATS:ICVT)

Howard Capital Management Inc. raised its stake in iShares Convertible Bond ETF (BATS:ICVT) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 337,900 shares of the company’s stock after purchasing an additional 16,800 shares during the quarter. iShares Convertible Bond ETF accounts for 0.4% of Howard Capital Management Inc.’s investment portfolio, making the stock its 28th biggest holding. Howard Capital Management Inc. owned about 1.40% of iShares Convertible Bond ETF worth $28,711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Icon Wealth Advisors LLC grew its stake in shares of iShares Convertible Bond ETF by 4.9% in the 3rd quarter. Icon Wealth Advisors LLC now owns 3,048 shares of the company’s stock valued at $255,000 after purchasing an additional 142 shares during the last quarter. LGT Financial Advisors LLC grew its stake 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 during the last quarter. Spire Wealth Management grew its stake in shares of iShares Convertible Bond ETF by 56.9% in the 4th quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after purchasing an additional 164 shares during the last quarter. Keystone Financial Services grew its stake in shares of iShares Convertible Bond ETF by 5.6% in the 4th quarter. Keystone Financial Services now owns 3,226 shares of the company’s stock valued at $274,000 after purchasing an additional 170 shares during the last quarter. Finally, Ridgewood Investments LLC grew its stake in shares of iShares Convertible Bond ETF by 3.6% in the 4th quarter. Ridgewood Investments LLC now owns 6,800 shares of the company’s stock valued at $578,000 after purchasing an additional 238 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

iShares Convertible Bond ETF stock opened at $87.34 on Friday. iShares Convertible Bond ETF has a 1-year low of $50.43 and a 1-year high of $58.18. The stock’s 50 day moving average price is $87.00 and its 200 day moving average price is $84.97.

iShares Convertible Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a $0.1406 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

iShares Convertible Bond ETF 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.