SteelPeak Wealth LLC Grows Stake in iShares Convertible Bond ETF (BATS:ICVT)

SteelPeak Wealth LLC increased its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 6.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,473 shares of the company’s stock after purchasing an additional 1,175 shares during the period. SteelPeak Wealth LLC owned 0.08% of iShares Convertible Bond ETF worth $1,546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ICVT. Advisors Preferred LLC acquired a new stake in shares of iShares Convertible Bond ETF in the first quarter valued at approximately $26,000. EverSource Wealth Advisors LLC increased its stake in shares of iShares Convertible Bond ETF by 210.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock worth $26,000 after acquiring an additional 219 shares during the last quarter. LRI Investments LLC purchased a new position in shares of iShares Convertible Bond ETF during the 1st quarter worth $29,000. LGT Financial Advisors LLC boosted its position in shares of iShares Convertible Bond ETF by 336.1% during the 2nd quarter. LGT Financial Advisors LLC now owns 362 shares of the company’s stock valued at $29,000 after acquiring an additional 279 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of iShares Convertible Bond ETF in the second quarter valued at about $33,000.

iShares Convertible Bond ETF Price Performance

iShares Convertible Bond ETF stock opened at $84.49 on Thursday. The firm has a 50 day simple moving average of $82.52 and a 200-day simple moving average of $79.98. iShares Convertible Bond ETF has a 1-year low of $50.43 and a 1-year high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given 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.