McAdam LLC Has $349,000 Stock Holdings in iShares Convertible Bond ETF (BATS:ICVT)

McAdam LLC reduced its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 11.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,109 shares of the company’s stock after selling 557 shares during the period. McAdam LLC’s holdings in iShares Convertible Bond ETF were worth $349,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Greenleaf Trust increased its position in shares of iShares Convertible Bond ETF by 2.7% during the fourth quarter. Greenleaf Trust now owns 430,412 shares of the company’s stock worth $36,572,000 after acquiring an additional 11,363 shares in the last quarter. Lebenthal Global Advisors LLC boosted its stake in iShares Convertible Bond ETF by 83.6% in the 4th quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock worth $35,540,000 after purchasing an additional 190,400 shares during the period. Assetmark Inc. increased its holdings in iShares Convertible Bond ETF by 150.4% during the 3rd quarter. Assetmark Inc. now owns 254,643 shares of the company’s stock worth $21,306,000 after purchasing an additional 152,939 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares Convertible Bond ETF by 32.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,239 shares of the company’s stock valued at $19,097,000 after purchasing an additional 56,149 shares during the period. Finally, Certified Advisory Corp lifted its holdings in shares of iShares Convertible Bond ETF by 0.9% in the fourth quarter. Certified Advisory Corp now owns 168,094 shares of the company’s stock valued at $14,283,000 after purchasing an additional 1,565 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 3.1 %

BATS:ICVT opened at $87.77 on Monday. The stock has a 50-day simple moving average of $87.19 and a 200 day simple moving average of $84.09. iShares Convertible Bond ETF has a 52-week low of $50.43 and a 52-week high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.1406 per share. The ex-dividend date is Monday, February 3rd.

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.