Raymond James & Associates Has $6.71 Million Position in iShares Convertible Bond ETF (BATS:ICVT)

Raymond James & Associates reduced its stake in iShares Convertible Bond ETF (BATS:ICVT) by 5.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,214 shares of the company’s stock after selling 4,785 shares during the period. Raymond James & Associates owned 0.33% of iShares Convertible Bond ETF worth $6,711,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ICVT. Blue Trust Inc. grew its position in shares of iShares Convertible Bond ETF by 17.0% in the third quarter. Blue Trust Inc. now owns 8,425 shares of the company’s stock valued at $662,000 after purchasing an additional 1,226 shares during the last quarter. Richard W. Paul & Associates LLC grew its holdings in iShares Convertible Bond ETF by 1.7% in the 3rd quarter. Richard W. Paul & Associates LLC now owns 10,511 shares of the company’s stock valued at $879,000 after buying an additional 175 shares in the last quarter. Quad Cities Investment Group LLC increased its position in iShares Convertible Bond ETF by 9.5% during the 3rd quarter. Quad Cities Investment Group LLC now owns 10,740 shares of the company’s stock worth $899,000 after buying an additional 932 shares during the period. One Wealth Advisors LLC lifted its holdings in shares of iShares Convertible Bond ETF by 19.3% during the third quarter. One Wealth Advisors LLC now owns 4,133 shares of the company’s stock worth $346,000 after buying an additional 670 shares in the last quarter. Finally, Firethorn Wealth Partners LLC bought a new stake in shares of iShares Convertible Bond ETF in the third quarter valued at about $214,000.

iShares Convertible Bond ETF Stock Down 0.3 %

BATS:ICVT opened at $84.49 on Thursday. iShares Convertible Bond ETF has a 52 week low of $50.43 and a 52 week high of $58.18. The firm’s 50-day simple moving average is $82.52 and its 200 day simple moving average is $79.98.

iShares Convertible Bond ETF Cuts Dividend

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