Synergy Investment Management LLC Purchases New Stake in iShares Convertible Bond ETF (BATS:ICVT)

Synergy Investment Management LLC acquired a new position in iShares Convertible Bond ETF (BATS:ICVT) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 6,628 shares of the company’s stock, valued at approximately $563,000.

Other institutional investors have also recently added to or reduced their stakes in the company. New York Life Investment Management LLC lifted its position in shares of iShares Convertible Bond ETF by 3.1% in the 4th quarter. New York Life Investment Management LLC now owns 492,630 shares of the company’s stock worth $41,859,000 after buying an additional 14,762 shares during the last quarter. Greenleaf Trust lifted its holdings in iShares Convertible Bond ETF by 2.7% in the fourth quarter. Greenleaf Trust now owns 430,412 shares of the company’s stock worth $36,572,000 after acquiring an additional 11,363 shares during the last quarter. Lebenthal Global Advisors LLC lifted its holdings in iShares Convertible Bond ETF by 83.6% in the fourth quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock worth $35,540,000 after acquiring an additional 190,400 shares during the last quarter. Ocean Park Asset Management LLC boosted its stake in iShares Convertible Bond ETF by 32.8% in the fourth quarter. Ocean Park Asset Management LLC now owns 356,700 shares of the company’s stock valued at $30,309,000 after acquiring an additional 88,100 shares during the period. Finally, Howard Capital Management Inc. grew its holdings in shares of iShares Convertible Bond ETF by 5.2% during the fourth quarter. Howard Capital Management Inc. now owns 337,900 shares of the company’s stock valued at $28,711,000 after purchasing an additional 16,800 shares during the last quarter.

iShares Convertible Bond ETF Price Performance

Shares of BATS ICVT opened at $85.29 on Tuesday. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18. The stock’s 50 day simple moving average is $86.91 and its 200 day simple moving average is $85.28.

iShares Convertible Bond ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.1466 per share. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.14. The ex-dividend date of this dividend is Monday, March 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.