iShares Convertible Bond ETF (BATS:ICVT) Shares Purchased by Park Place Capital Corp

Park Place Capital Corp boosted its stake in iShares Convertible Bond ETF (BATS:ICVT) by 54.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,516 shares of the company’s stock after purchasing an additional 532 shares during the period. Park Place Capital Corp’s holdings in iShares Convertible Bond ETF were worth $121,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. acquired a new stake in iShares Convertible Bond ETF in the 4th quarter valued at $22,354,000. Anfield Capital Management LLC increased its holdings in iShares Convertible Bond ETF by 2.7% in the 4th quarter. Anfield Capital Management LLC now owns 9,836 shares of the company’s stock valued at $773,000 after purchasing an additional 258 shares in the last quarter. Archer Investment Corp increased its holdings in iShares Convertible Bond ETF by 6.6% in the 4th quarter. Archer Investment Corp now owns 11,113 shares of the company’s stock valued at $873,000 after purchasing an additional 689 shares in the last quarter. 360 Financial Inc. grew its stake in shares of iShares Convertible Bond ETF by 47.9% during the fourth quarter. 360 Financial Inc. now owns 95,330 shares of the company’s stock valued at $7,492,000 after acquiring an additional 30,885 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in shares of iShares Convertible Bond ETF by 39.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 18,181 shares of the company’s stock valued at $1,429,000 after acquiring an additional 5,100 shares in the last quarter.

iShares Convertible Bond ETF Stock Down 0.2 %

Shares of iShares Convertible Bond ETF stock traded down $0.14 during trading hours on Monday, hitting $78.33. 182,265 shares of the company’s stock traded hands. The stock has a 50 day simple moving average of $78.23 and a 200-day simple moving average of $78.14. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18.

iShares Convertible Bond ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, July 1st will be paid a dividend of $0.1563 per share. The ex-dividend date is 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.