Assetmark Inc. Acquires 4,728 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Assetmark Inc. increased its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 259,371 shares of the company’s stock after acquiring an additional 4,728 shares during the period. Assetmark Inc. owned about 1.07% of iShares Convertible Bond ETF worth $22,039,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PSI Advisors LLC bought a new stake in shares of iShares Convertible Bond ETF during the 4th quarter worth approximately $29,000. Spire Wealth Management raised its position in iShares Convertible Bond ETF by 56.9% during the 4th quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after purchasing an additional 164 shares in the last quarter. LGT Financial Advisors LLC raised its position in iShares Convertible Bond ETF by 45.3% during the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock valued at $44,000 after purchasing an additional 164 shares in the last quarter. Endeavor Private Wealth Inc. bought a new stake in iShares Convertible Bond ETF during the 4th quarter valued at $45,000. Finally, Elevation Wealth Partners LLC raised its position 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 worth $76,000 after acquiring an additional 268 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

ICVT opened at $86.10 on Thursday. iShares Convertible Bond ETF has a 12 month low of $50.43 and a 12 month high of $58.18. The stock has a fifty day moving average price of $86.87 and a 200-day moving average price of $85.35.

iShares Convertible Bond ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be paid a $0.1466 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.14.

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.