Commonwealth Equity Services LLC Has $2.11 Million Stock Holdings in iShares Convertible Bond ETF (BATS:ICVT)

Commonwealth Equity Services LLC grew its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 20.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,780 shares of the company’s stock after acquiring an additional 4,194 shares during the period. Commonwealth Equity Services LLC owned 0.10% of iShares Convertible Bond ETF worth $2,106,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Lebenthal Global Advisors LLC increased its position in iShares Convertible Bond ETF by 83.6% during the fourth quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock worth $35,540,000 after buying an additional 190,400 shares during the last quarter. Insight Wealth Strategies LLC acquired a new stake in shares of iShares Convertible Bond ETF in the fourth quarter worth about $10,815,000. Redhawk Wealth Advisors Inc. bought a new stake in shares of iShares Convertible Bond ETF during the 4th quarter worth about $9,321,000. Raymond James Financial Inc. acquired a new position in shares of iShares Convertible Bond ETF during the 4th quarter valued at about $8,475,000. Finally, Ocean Park Asset Management LLC raised its stake in shares of iShares Convertible Bond ETF by 32.8% in the 4th quarter. Ocean Park Asset Management LLC now owns 356,700 shares of the company’s stock valued at $30,309,000 after acquiring an additional 88,100 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

Shares of ICVT stock opened at $85.03 on Friday. iShares Convertible Bond ETF has a twelve month low of $75.97 and a twelve month high of $89.71. The stock’s 50 day simple moving average is $86.56 and its 200 day simple moving average is $85.77.

iShares Convertible Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.1466 per share. The ex-dividend date was Monday, March 3rd. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.14.

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.