Financial Advocates Investment Management Cuts Stake in iShares Convertible Bond ETF (BATS:ICVT)

Financial Advocates Investment Management lessened its stake in iShares Convertible Bond ETF (BATS:ICVT) by 93.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,363 shares of the company’s stock after selling 47,436 shares during the quarter. Financial Advocates Investment Management’s holdings in iShares Convertible Bond ETF were worth $286,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PSI Advisors LLC purchased a new position in shares of iShares Convertible Bond ETF in the fourth quarter valued at $29,000. Spire Wealth Management lifted its position in iShares Convertible Bond ETF by 56.9% during the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after purchasing an additional 164 shares during the last quarter. LGT Financial Advisors LLC increased 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 buying an additional 164 shares during the last quarter. Endeavor Private Wealth Inc. bought a new stake in shares of iShares Convertible Bond ETF in the 4th quarter worth about $45,000. Finally, First Horizon Advisors Inc. raised its position in shares of iShares Convertible Bond ETF by 25.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,535 shares of the company’s stock valued at $129,000 after buying an additional 314 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 3.1 %

ICVT opened at $87.80 on Monday. The stock has a 50-day moving average of $87.05 and a 200 day moving average of $84.35. iShares Convertible Bond ETF has a 12 month low of $50.43 and a 12 month high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

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

iShares Convertible Bond ETF Company 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.