Steward Partners Investment Advisory LLC Increases Stake in iShares Convertible Bond ETF (BATS:ICVT)

Steward Partners Investment Advisory LLC boosted its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 43.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,906 shares of the company’s stock after purchasing an additional 1,475 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in iShares Convertible Bond ETF were worth $417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in ICVT. PSI Advisors LLC purchased a new position in iShares Convertible Bond ETF during the fourth quarter valued at approximately $29,000. Spire Wealth Management lifted its stake in shares of iShares Convertible Bond ETF by 56.9% in the 4th quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after purchasing an additional 164 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new stake in shares of iShares Convertible Bond ETF in the 4th quarter valued at $45,000. Elevation Wealth Partners LLC increased its holdings in iShares Convertible Bond ETF by 42.6% during the 4th quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock worth $76,000 after purchasing an additional 268 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in iShares Convertible Bond ETF during the 4th quarter worth about $118,000.

iShares Convertible Bond ETF Price Performance

Shares of BATS ICVT opened at $83.16 on Friday. iShares Convertible Bond ETF has a 52-week low of $50.43 and a 52-week high of $58.18. The business has a 50-day moving average price of $86.69 and a 200 day moving average price of $85.48.

iShares Convertible Bond ETF Increases Dividend

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