Capital Asset Advisory Services LLC Trims Stake in iShares Convertible Bond ETF (BATS:ICVT)

Capital Asset Advisory Services LLC lessened its stake in iShares Convertible Bond ETF (BATS:ICVT) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,987 shares of the company’s stock after selling 317 shares during the period. Capital Asset Advisory Services LLC owned 0.07% of iShares Convertible Bond ETF worth $1,337,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Windsor Capital Management LLC increased its stake in iShares Convertible Bond ETF by 1.5% in the 1st quarter. Windsor Capital Management LLC now owns 9,691 shares of the company’s stock worth $774,000 after buying an additional 147 shares during the period. Aspire Wealth Management Corp increased its position in iShares Convertible Bond ETF by 0.4% during the 4th quarter. Aspire Wealth Management Corp now owns 37,178 shares of the company’s stock valued at $2,922,000 after purchasing an additional 157 shares during the period. Banque Cantonale Vaudoise increased its position in iShares Convertible Bond ETF by 34.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 670 shares of the company’s stock valued at $53,000 after purchasing an additional 170 shares during the period. Cary Street Partners Investment Advisory LLC increased its position in iShares Convertible Bond ETF by 100.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 348 shares of the company’s stock valued at $26,000 after purchasing an additional 174 shares during the period. Finally, Ignite Planners LLC increased its position in iShares Convertible Bond ETF by 4.4% during the 1st quarter. Ignite Planners LLC now owns 4,245 shares of the company’s stock valued at $338,000 after purchasing an additional 177 shares during the period.

iShares Convertible Bond ETF Price Performance

BATS ICVT opened at $78.63 on Friday. The company’s 50-day simple moving average is $78.23 and its two-hundred day simple moving average is $78.11. iShares Convertible Bond ETF has a one year low of $50.43 and a one year high of $58.18.

iShares Convertible Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were given a dividend of $0.1539 per share. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, June 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.