iShares Convertible Bond ETF (BATS:ICVT) Shares Bought by PFG Advisors

PFG Advisors raised its stake in iShares Convertible Bond ETF (BATS:ICVT) by 21.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,237 shares of the company’s stock after acquiring an additional 2,143 shares during the period. PFG Advisors owned 0.05% of iShares Convertible Bond ETF worth $1,040,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ICVT. Hennion & Walsh Asset Management Inc. boosted its position in shares of iShares Convertible Bond ETF by 23.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,033 shares of the company’s stock worth $343,000 after buying an additional 766 shares during the period. SG Americas Securities LLC acquired a new position in shares of iShares Convertible Bond ETF during the fourth quarter worth approximately $544,000. Truist Financial Corp boosted its position in shares of iShares Convertible Bond ETF by 11.0% during the fourth quarter. Truist Financial Corp now owns 43,458 shares of the company’s stock worth $3,693,000 after buying an additional 4,300 shares during the period. JPMorgan Chase & Co. boosted its position in shares of iShares Convertible Bond ETF by 32.6% during the third 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 period. Finally, Centerline Wealth Advisors LLC acquired a new position in shares of iShares Convertible Bond ETF during the fourth quarter worth approximately $5,511,000.

iShares Convertible Bond ETF Trading Down 2.3 %

Shares of BATS ICVT opened at $83.16 on Friday. The stock has a 50 day simple moving average of $86.69 and a 200-day simple moving average of $85.48. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18.

iShares Convertible Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1466 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.14.

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.