iShares Convertible Bond ETF (BATS:ICVT) Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its stake in iShares Convertible Bond ETF (BATS:ICVT) by 20.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,637 shares of the company’s stock after purchasing an additional 1,279 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Convertible Bond ETF were worth $601,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Advisors Preferred LLC purchased a new position in shares of iShares Convertible Bond ETF during the 1st quarter worth approximately $26,000. EverSource Wealth Advisors LLC grew its position in 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 buying an additional 219 shares during the period. LGT Financial Advisors LLC increased its holdings 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 buying an additional 279 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of iShares Convertible Bond ETF during the 1st quarter valued at approximately $29,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of iShares Convertible Bond ETF during the 2nd quarter valued at approximately $33,000.

iShares Convertible Bond ETF Stock Performance

ICVT opened at $83.40 on Tuesday. iShares Convertible Bond ETF has a 1-year low of $50.43 and a 1-year high of $58.18. The stock’s 50 day simple moving average is $80.87 and its 200 day simple moving average is $79.40.

iShares Convertible Bond ETF Cuts Dividend

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

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.