Axxcess Wealth Management LLC Has $1.65 Million Stock Position in iShares Convertible Bond ETF (BATS:ICVT)

Axxcess Wealth Management LLC cut its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,937 shares of the company’s stock after selling 1,252 shares during the period. Axxcess Wealth Management LLC owned 0.09% of iShares Convertible Bond ETF worth $1,646,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ICVT. SigFig Wealth Management LLC boosted its position in shares of iShares Convertible Bond ETF by 19.6% in the second quarter. SigFig Wealth Management LLC now owns 6,264 shares of the company’s stock valued at $493,000 after acquiring an additional 1,025 shares during the period. Citizens Financial Group Inc. RI bought a new stake in iShares Convertible Bond ETF in the 2nd quarter valued at about $254,000. Perissos Private Wealth Management LLC grew its position in shares of iShares Convertible Bond ETF by 33.3% during the 2nd quarter. Perissos Private Wealth Management LLC now owns 20,545 shares of the company’s stock worth $1,615,000 after purchasing an additional 5,128 shares in the last quarter. Spectrum Wealth Counsel LLC acquired a new position in shares of iShares Convertible Bond ETF during the 2nd quarter worth approximately $187,000. Finally, Ocean Park Asset Management LLC increased its holdings in shares of iShares Convertible Bond ETF by 31.0% during the second quarter. Ocean Park Asset Management LLC now owns 268,600 shares of the company’s stock worth $21,120,000 after purchasing an additional 63,500 shares during the period.

iShares Convertible Bond ETF Trading Down 0.1 %

BATS ICVT opened at $81.72 on Thursday. iShares Convertible Bond ETF has a 1-year low of $50.43 and a 1-year high of $58.18. The company has a 50 day moving average of $80.08 and a 200-day moving average of $78.98.

iShares Convertible Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.1528 per share. The ex-dividend date of this dividend was Tuesday, September 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.