Blue Trust Inc. Boosts Position in iShares Convertible Bond ETF (BATS:ICVT)

Blue Trust Inc. boosted its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 35.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,385 shares of the company’s stock after buying an additional 2,960 shares during the quarter. Blue Trust Inc.’s holdings in iShares Convertible Bond ETF were worth $967,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ICVT. PSI Advisors LLC acquired a new position in shares of iShares Convertible Bond ETF in the 4th quarter valued at $29,000. Spire Wealth Management boosted its stake in iShares Convertible Bond ETF by 56.9% in the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after acquiring 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% during the third 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 fourth quarter worth about $45,000. Finally, Elevation Wealth Partners LLC lifted its holdings in shares of iShares Convertible Bond ETF by 42.6% in 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 $88.84 on Friday. iShares Convertible Bond ETF has a 52-week low of $50.43 and a 52-week high of $58.18. The stock’s 50 day moving average price is $86.99 and its 200 day moving average price is $84.62.

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.

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.