Bank of New York Mellon Corp Buys 21,511 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Bank of New York Mellon Corp boosted its stake in iShares Convertible Bond ETF (BATS:ICVT) by 48.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,496 shares of the company’s stock after purchasing an additional 21,511 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.27% of iShares Convertible Bond ETF worth $5,565,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Millington Financial Advisors LLC boosted its stake in iShares Convertible Bond ETF by 8.3% in the 4th quarter. Millington Financial Advisors LLC now owns 8,878 shares of the company’s stock worth $775,000 after purchasing an additional 678 shares during the period. WealthShield Partners LLC boosted its position in shares of iShares Convertible Bond ETF by 41.6% during the 4th quarter. WealthShield Partners LLC now owns 7,693 shares of the company’s stock valued at $654,000 after acquiring an additional 2,262 shares during the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of iShares Convertible Bond ETF during the 4th quarter valued at about $897,000. BCGM Wealth Management LLC boosted its position in shares of iShares Convertible Bond ETF by 55.3% during the 4th quarter. BCGM Wealth Management LLC now owns 6,598 shares of the company’s stock valued at $561,000 after acquiring an additional 2,350 shares during the last quarter. Finally, Howard Capital Management Inc. boosted its position in shares of iShares Convertible Bond ETF by 5.2% during the 4th quarter. Howard Capital Management Inc. now owns 337,900 shares of the company’s stock valued at $28,711,000 after acquiring an additional 16,800 shares during the last quarter.

iShares Convertible Bond ETF Trading Down 0.9 %

Shares of ICVT opened at $84.38 on Monday. The stock has a 50-day moving average price of $86.64 and a 200-day moving average price of $85.55. iShares Convertible Bond ETF has a 12-month low of $75.97 and a 12-month high of $89.71.

iShares Convertible Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1466 per share. The ex-dividend date was Monday, March 3rd. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.14.

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.