Bay Harbor Wealth Management LLC Acquires 3,484 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Bay Harbor Wealth Management LLC lifted its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 58.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,395 shares of the company’s stock after buying an additional 3,484 shares during the period. Bay Harbor Wealth Management LLC’s holdings in iShares Convertible Bond ETF were worth $798,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ICVT. Greenleaf Trust boosted its position in shares of iShares Convertible Bond ETF by 2.7% during the 4th quarter. Greenleaf Trust now owns 430,412 shares of the company’s stock worth $36,572,000 after purchasing an additional 11,363 shares in the last quarter. Lebenthal Global Advisors LLC raised its position in shares of iShares Convertible Bond ETF by 83.6% during the fourth quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock worth $35,540,000 after purchasing an additional 190,400 shares during the period. Assetmark Inc. lifted its holdings in shares of iShares Convertible Bond ETF by 150.4% in the 3rd quarter. Assetmark Inc. now owns 254,643 shares of the company’s stock worth $21,306,000 after purchasing an additional 152,939 shares in the last quarter. JPMorgan Chase & Co. increased its stake in iShares Convertible Bond ETF by 32.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 228,239 shares of the company’s stock valued at $19,097,000 after purchasing an additional 56,149 shares in the last quarter. Finally, Certified Advisory Corp raised its holdings in iShares Convertible Bond ETF by 0.9% during the fourth quarter. Certified Advisory Corp now owns 168,094 shares of the company’s stock worth $14,283,000 after buying an additional 1,565 shares during the last quarter.

iShares Convertible Bond ETF Trading Up 2.8 %

Shares of BATS ICVT opened at $87.53 on Tuesday. iShares Convertible Bond ETF has a 1 year low of $50.43 and a 1 year high of $58.18. The company has a 50-day moving average price of $87.16 and a 200-day moving average price of $84.14.

iShares Convertible Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd will be paid 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.