BCU Wealth Advisors LLC Has $275,000 Stock Holdings in iShares Convertible Bond ETF (BATS:ICVT)

BCU Wealth Advisors LLC boosted its stake in iShares Convertible Bond ETF (BATS:ICVT) by 30.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,233 shares of the company’s stock after buying an additional 755 shares during the quarter. BCU Wealth Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $275,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ICVT. PSI Advisors LLC bought a new position in iShares Convertible Bond ETF during the fourth quarter valued at approximately $29,000. Spire Wealth Management raised its holdings in shares of iShares Convertible Bond ETF by 56.9% during 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 in the last quarter. LGT Financial Advisors LLC lifted its stake in shares of iShares Convertible Bond ETF by 45.3% in the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock valued at $44,000 after purchasing an additional 164 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new position in iShares Convertible Bond ETF during the fourth quarter worth $45,000. Finally, Elevation Wealth Partners LLC raised its holdings in iShares Convertible Bond ETF by 42.6% during the fourth quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock valued at $76,000 after buying an additional 268 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 4.4 %

ICVT opened at $88.84 on Friday. The stock has a 50-day moving average of $86.99 and a 200-day moving average of $84.59. iShares Convertible Bond ETF has a 52-week low of $50.43 and a 52-week high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.1406 per share. The ex-dividend date was Monday, February 3rd.

iShares Convertible Bond ETF Profile

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.