iShares Convertible Bond ETF (BATS:ICVT) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC raised its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 15.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,917 shares of the company’s stock after buying an additional 7,599 shares during the quarter. Park Avenue Securities LLC owned about 0.23% of iShares Convertible Bond ETF worth $4,397,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ICVT. Assetmark Inc. raised its position in shares of iShares Convertible Bond ETF by 293.8% in the 4th quarter. Assetmark Inc. now owns 1,562,320 shares of the company’s stock worth $122,783,000 after buying an additional 1,165,563 shares during the period. Advisory Alpha LLC raised its position in iShares Convertible Bond ETF by 4.3% in the first quarter. Advisory Alpha LLC now owns 420,431 shares of the company’s stock valued at $33,569,000 after purchasing an additional 17,403 shares during the period. Greenleaf Trust raised its position in iShares Convertible Bond ETF by 31.7% in the first quarter. Greenleaf Trust now owns 388,612 shares of the company’s stock valued at $31,023,000 after purchasing an additional 93,429 shares during the period. New York Life Investment Management LLC raised its position in iShares Convertible Bond ETF by 11.4% in the fourth quarter. New York Life Investment Management LLC now owns 348,445 shares of the company’s stock valued at $27,384,000 after purchasing an additional 35,665 shares during the period. Finally, Prestige Wealth Management Group LLC lifted its stake in shares of iShares Convertible Bond ETF by 14.7% in the first quarter. Prestige Wealth Management Group LLC now owns 334,501 shares of the company’s stock worth $26,703,000 after acquiring an additional 42,996 shares in the last quarter.

iShares Convertible Bond ETF Trading Down 0.9 %

Shares of BATS:ICVT traded down $0.72 during trading on Wednesday, hitting $77.33. The company’s stock had a trading volume of 505,083 shares. The stock’s 50-day moving average price is $78.89 and its two-hundred day moving average price is $78.46. iShares Convertible Bond ETF has a fifty-two week low of $50.43 and a fifty-two week high of $58.18.

iShares Convertible Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were issued a dividend of $0.1563 per share. The ex-dividend date was Monday, July 1st. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.15.

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.