Econ Financial Services Corp Sells 10,626 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Econ Financial Services Corp lessened its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 43.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,059 shares of the company’s stock after selling 10,626 shares during the quarter. Econ Financial Services Corp’s holdings in iShares Convertible Bond ETF were worth $1,122,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Advisors Preferred LLC bought a new stake in shares of iShares Convertible Bond ETF during the first quarter valued at approximately $26,000. LRI Investments LLC purchased a new position in iShares Convertible Bond ETF during the first quarter valued at $29,000. Blue Trust Inc. increased its holdings in iShares Convertible Bond ETF by 91.0% in the 4th quarter. Blue Trust Inc. now owns 466 shares of the company’s stock valued at $34,000 after acquiring an additional 222 shares during the last quarter. AdvisorNet Financial Inc lifted its position in shares of iShares Convertible Bond ETF by 122.0% in the fourth quarter. AdvisorNet Financial Inc now owns 606 shares of the company’s stock worth $48,000 after buying an additional 333 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its holdings in shares of iShares Convertible Bond ETF by 34.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 670 shares of the company’s stock worth $53,000 after acquiring an additional 170 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of BATS:ICVT traded up $0.20 on Monday, reaching $79.94. The company’s stock had a trading volume of 1,089,499 shares. The company has a 50-day simple moving average of $78.90 and a 200 day simple moving average of $78.39. iShares Convertible Bond ETF has a 52-week low of $50.43 and a 52-week high of $58.18.

iShares Convertible Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were given a dividend of $0.1563 per share. The ex-dividend date was Monday, July 1st. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.15.

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.