iShares Convertible Bond ETF (BATS:ICVT) Shares Sold by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP lowered its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 7.0% during the third quarter, Holdings Channel.com reports. The firm owned 245,883 shares of the company’s stock after selling 18,394 shares during the period. Baker Avenue Asset Management LP’s holdings in iShares Convertible Bond ETF were worth $20,573,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Advisors Preferred LLC acquired a new stake in iShares Convertible Bond ETF in the 1st quarter valued at approximately $26,000. EverSource Wealth Advisors LLC grew its stake in shares of iShares Convertible Bond ETF by 210.6% in the second quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock valued at $26,000 after buying an additional 219 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of iShares Convertible Bond ETF in the 1st quarter valued at $29,000. LGT Financial Advisors LLC boosted its holdings in iShares Convertible Bond ETF by 336.1% during the 2nd quarter. LGT Financial Advisors LLC now owns 362 shares of the company’s stock valued at $29,000 after acquiring an additional 279 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in iShares Convertible Bond ETF in the 2nd quarter valued at about $33,000.

iShares Convertible Bond ETF Stock Up 0.0 %

Shares of ICVT traded up $0.04 during mid-day trading on Friday, hitting $86.19. 1,799,064 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $83.13 and its 200-day moving average is $80.41. iShares Convertible Bond ETF has a fifty-two week low of $50.43 and a fifty-two week high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a $0.1528 dividend. The ex-dividend date was Tuesday, September 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.