Certified Advisory Corp Buys Shares of 163,020 iShares Convertible Bond ETF (BATS:ICVT)

Certified Advisory Corp purchased a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 163,020 shares of the company’s stock, valued at approximately $12,818,000. iShares Convertible Bond ETF makes up about 1.6% of Certified Advisory Corp’s holdings, making the stock its 9th biggest holding. Certified Advisory Corp owned approximately 0.67% of iShares Convertible Bond ETF at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Advisors Preferred LLC acquired a new stake in iShares Convertible Bond ETF during the first quarter worth approximately $26,000. EverSource Wealth Advisors LLC boosted its holdings in shares of iShares Convertible Bond ETF by 210.6% during the second quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of iShares Convertible Bond ETF in the first quarter valued at $29,000. LGT Financial Advisors LLC increased its stake in iShares Convertible Bond ETF by 336.1% in the second quarter. LGT Financial Advisors LLC now owns 362 shares of the company’s stock valued at $29,000 after purchasing an additional 279 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in iShares Convertible Bond ETF during the second quarter worth about $33,000.

iShares Convertible Bond ETF Price Performance

Shares of BATS:ICVT opened at $82.49 on Monday. The stock’s 50-day moving average price is $80.18 and its two-hundred day moving average price is $79.05. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a $0.1528 dividend. 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.