Cetera Investment Advisers Reduces Holdings in iShares Convertible Bond ETF (BATS:ICVT)

Cetera Investment Advisers decreased its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 7.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,239 shares of the company’s stock after selling 11,333 shares during the period. Cetera Investment Advisers owned approximately 0.55% of iShares Convertible Bond ETF worth $10,398,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stifel Financial Corp raised its holdings in iShares Convertible Bond ETF by 0.3% in the fourth quarter. Stifel Financial Corp now owns 77,839 shares of the company’s stock worth $6,117,000 after purchasing an additional 200 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of iShares Convertible Bond ETF by 1.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 24,724 shares of the company’s stock worth $1,943,000 after acquiring an additional 234 shares in the last quarter. VitalStone Financial LLC bought a new position in shares of iShares Convertible Bond ETF in the 4th quarter worth about $342,000. Pinnacle Holdings LLC purchased a new position in iShares Convertible Bond ETF during the 4th quarter valued at about $133,000. Finally, Palogic Value Management L.P. boosted its stake in iShares Convertible Bond ETF by 11.4% during the fourth quarter. Palogic Value Management L.P. now owns 14,268 shares of the company’s stock worth $1,121,000 after acquiring an additional 1,455 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT opened at $83.59 on Friday. iShares Convertible Bond ETF has a fifty-two week low of $50.43 and a fifty-two week high of $58.18. The firm’s 50-day simple moving average is $80.80 and its two-hundred day simple moving average is $79.37.

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 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.