Quadrant Private Wealth Management LLC Acquires 1,869 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Quadrant Private Wealth Management LLC boosted its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 52.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,452 shares of the company’s stock after purchasing an additional 1,869 shares during the period. Quadrant Private Wealth Management LLC’s holdings in iShares Convertible Bond ETF were worth $463,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Icon Wealth Advisors LLC lifted its stake in iShares Convertible Bond ETF by 4.9% in the third quarter. Icon Wealth Advisors LLC now owns 3,048 shares of the company’s stock worth $255,000 after purchasing an additional 142 shares during the last quarter. LGT Financial Advisors LLC increased its position in shares of iShares Convertible Bond ETF by 45.3% in the third quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock valued at $44,000 after acquiring an additional 164 shares during the period. Spire Wealth Management increased its position in shares of iShares Convertible Bond ETF by 56.9% in the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after acquiring an additional 164 shares during the period. Capital Wealth Management LLC increased its position in shares of iShares Convertible Bond ETF by 0.4% in the third quarter. Capital Wealth Management LLC now owns 40,021 shares of the company’s stock valued at $3,349,000 after acquiring an additional 171 shares during the period. Finally, Richard W. Paul & Associates LLC increased its position in shares of iShares Convertible Bond ETF by 1.7% in the third quarter. Richard W. Paul & Associates LLC now owns 10,511 shares of the company’s stock valued at $879,000 after acquiring an additional 175 shares during the period.

iShares Convertible Bond ETF Stock Performance

ICVT stock opened at $88.84 on Friday. The firm’s 50-day moving average price is $86.99 and its two-hundred day moving average price is $84.59. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.1406 dividend. The ex-dividend date of this dividend was 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.