IFP Advisors Inc Sells 585 Shares of iShares Convertible Bond ETF (BATS:ICVT)

IFP Advisors Inc lessened its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 11.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,415 shares of the company’s stock after selling 585 shares during the period. IFP Advisors Inc’s holdings in iShares Convertible Bond ETF were worth $375,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Creative Planning grew its holdings in shares of iShares Convertible Bond ETF by 12.3% during the third quarter. Creative Planning now owns 3,325 shares of the company’s stock worth $278,000 after purchasing an additional 363 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings 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 purchasing an additional 766 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of iShares Convertible Bond ETF during the fourth quarter worth $544,000. Truist Financial Corp grew its holdings 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 purchasing an additional 4,300 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings 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 purchasing an additional 56,149 shares during the last quarter.

iShares Convertible Bond ETF Trading Up 1.4 %

iShares Convertible Bond ETF stock opened at $86.35 on Friday. The business’s 50-day simple moving average is $86.91 and its 200 day simple moving average is $85.19. 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 company also recently declared a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be issued a $0.1466 dividend. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.14. The ex-dividend date is Monday, March 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.