Calamos Wealth Management LLC Invests $875,000 in iShares Convertible Bond ETF (BATS:ICVT)

Calamos Wealth Management LLC bought a new position in iShares Convertible Bond ETF (BATS:ICVT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,300 shares of the company’s stock, valued at approximately $875,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ICVT. Icon Wealth Advisors LLC boosted its holdings in shares of iShares Convertible Bond ETF by 4.9% during the third quarter. Icon Wealth Advisors LLC now owns 3,048 shares of the company’s stock worth $255,000 after acquiring an additional 142 shares during the period. Braun Bostich & Associates Inc. increased its holdings in shares of iShares Convertible Bond ETF by 3.8% during the third quarter. Braun Bostich & Associates Inc. now owns 4,198 shares of the company’s stock worth $351,000 after buying an additional 155 shares in the last quarter. LGT Financial Advisors LLC increased its holdings in shares of iShares Convertible Bond ETF by 45.3% during the third quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after buying an additional 164 shares in the last quarter. Spire Wealth Management increased its holdings in shares of iShares Convertible Bond ETF by 56.9% during the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock worth $38,000 after buying an additional 164 shares in the last quarter. Finally, Capital Wealth Management LLC increased its holdings in shares of iShares Convertible Bond ETF by 0.4% during the third quarter. Capital Wealth Management LLC now owns 40,021 shares of the company’s stock worth $3,349,000 after buying an additional 171 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

Shares of iShares Convertible Bond ETF stock opened at $87.31 on Tuesday. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18. The company’s fifty day moving average is $87.16 and its 200 day moving average is $84.14.

iShares Convertible Bond ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be issued a $0.1406 dividend. The ex-dividend date is Monday, February 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.