BCGM Wealth Management LLC Has $561,000 Position in iShares Convertible Bond ETF (BATS:ICVT)

BCGM Wealth Management LLC raised its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 55.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,598 shares of the company’s stock after buying an additional 2,350 shares during the period. BCGM Wealth Management LLC’s holdings in iShares Convertible Bond ETF were worth $561,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Howard Capital Management Inc. increased its stake in iShares Convertible Bond ETF by 5.2% in the 4th quarter. Howard Capital Management Inc. now owns 337,900 shares of the company’s stock valued at $28,711,000 after buying an additional 16,800 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of iShares Convertible Bond ETF by 49.2% during the 4th quarter. First Horizon Advisors Inc. now owns 2,290 shares of the company’s stock worth $195,000 after purchasing an additional 755 shares during the last quarter. Financial Sense Advisors Inc. acquired a new position in shares of iShares Convertible Bond ETF during the 4th quarter worth about $4,190,000. Private Advisor Group LLC increased its stake in shares of iShares Convertible Bond ETF by 6.8% during the 4th quarter. Private Advisor Group LLC now owns 33,715 shares of the company’s stock worth $2,865,000 after purchasing an additional 2,147 shares during the last quarter. Finally, Global Retirement Partners LLC increased its stake in shares of iShares Convertible Bond ETF by 78.8% during the 4th quarter. Global Retirement Partners LLC now owns 3,102 shares of the company’s stock worth $264,000 after purchasing an additional 1,367 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

iShares Convertible Bond ETF stock opened at $87.34 on Monday. The company’s 50-day moving average is $87.00 and its 200-day moving average is $85.02. 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 Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.1406 per share. The ex-dividend date 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.