Bigelow Investment Advisors LLC Sells 959 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Bigelow Investment Advisors LLC lessened its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 21.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,532 shares of the company’s stock after selling 959 shares during the period. Bigelow Investment Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $300,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. PSI Advisors LLC acquired a new position in iShares Convertible Bond ETF during the fourth quarter worth $29,000. Spire Wealth Management boosted 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 in the last quarter. LGT Financial Advisors LLC grew its holdings 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 worth $44,000 after purchasing an additional 164 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of iShares Convertible Bond ETF during the 4th quarter worth about $45,000. Finally, Elevation Wealth Partners LLC lifted its holdings in iShares Convertible Bond ETF by 42.6% during the 4th quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock valued at $76,000 after purchasing an additional 268 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

BATS:ICVT opened at $89.24 on Wednesday. iShares Convertible Bond ETF has a 12 month low of $50.43 and a 12 month high of $58.18. The company’s 50-day moving average price is $86.99 and its two-hundred day moving average price is $84.72.

iShares Convertible Bond ETF Cuts Dividend

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