Pettinga Financial Advisors LLC Acquires New Position in iShares Convertible Bond ETF (BATS:ICVT)

Pettinga Financial Advisors LLC acquired a new stake in iShares Convertible Bond ETF (BATS:ICVT) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,394 shares of the company’s stock, valued at approximately $351,000.

A number of other institutional investors have also recently made changes to their positions in the business. Cary Street Partners Investment Advisory LLC grew its holdings 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 worth $26,000 after acquiring an additional 174 shares in the last quarter. Blue Trust Inc. grew its holdings in iShares Convertible Bond ETF by 91.0% during the 4th quarter. Blue Trust Inc. now owns 466 shares of the company’s stock worth $34,000 after acquiring an additional 222 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in iShares Convertible Bond ETF by 122.0% during the 4th quarter. AdvisorNet Financial Inc now owns 606 shares of the company’s stock worth $48,000 after acquiring an additional 333 shares in the last quarter. Banque Cantonale Vaudoise grew its holdings in iShares Convertible Bond ETF by 34.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 670 shares of the company’s stock worth $53,000 after acquiring an additional 170 shares in the last quarter. Finally, Pinnacle Holdings LLC acquired a new position in iShares Convertible Bond ETF during the 4th quarter worth approximately $133,000.

iShares Convertible Bond ETF Trading Down 0.2 %

BATS ICVT opened at $78.63 on Monday. iShares Convertible Bond ETF has a 52 week low of $50.43 and a 52 week high of $58.18. The firm has a 50 day moving average of $78.23 and a two-hundred day moving average of $78.14.

iShares Convertible Bond ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, July 1st will be issued a $0.1563 dividend. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.15. The ex-dividend date is Monday, July 1st.

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.