Mercer Global Advisors Inc. ADV Cuts Stake in iShares Convertible Bond ETF (BATS:ICVT)

Mercer Global Advisors Inc. ADV decreased its position in iShares Convertible Bond ETF (BATS:ICVT) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,814 shares of the company’s stock after selling 1,513 shares during the period. Mercer Global Advisors Inc. ADV owned about 0.21% of iShares Convertible Bond ETF worth $3,904,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. True Vision MN LLC boosted its stake in shares of iShares Convertible Bond ETF by 15.0% in the second quarter. True Vision MN LLC now owns 4,125 shares of the company’s stock valued at $324,000 after buying an additional 539 shares in the last quarter. SigFig Wealth Management LLC grew its stake in shares of iShares Convertible Bond ETF by 19.6% during the 2nd quarter. SigFig Wealth Management LLC now owns 6,264 shares of the company’s stock worth $493,000 after purchasing an additional 1,025 shares during the period. Citizens Financial Group Inc. RI purchased a new position in shares of iShares Convertible Bond ETF in the 2nd quarter valued at about $254,000. Perissos Private Wealth Management LLC lifted its stake in shares of iShares Convertible Bond ETF by 33.3% in the second quarter. Perissos Private Wealth Management LLC now owns 20,545 shares of the company’s stock valued at $1,615,000 after purchasing an additional 5,128 shares during the period. Finally, Spectrum Wealth Counsel LLC purchased a new stake in iShares Convertible Bond ETF during the second quarter worth about $187,000.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT opened at $82.49 on Friday. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18. The firm’s 50-day moving average is $80.18 and its two-hundred day moving average is $79.04.

iShares Convertible Bond ETF Cuts Dividend

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