Meridian Wealth Management LLC Sells 638 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Meridian Wealth Management LLC lowered its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 17.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 3,046 shares of the company’s stock after selling 638 shares during the period. Meridian Wealth Management LLC’s holdings in iShares Convertible Bond ETF were worth $255,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its stake in shares of iShares Convertible Bond ETF by 14.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,094,735 shares of the company’s stock worth $86,079,000 after buying an additional 138,493 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of iShares Convertible Bond ETF during the second quarter worth approximately $80,458,000. 1832 Asset Management L.P. grew its position in shares of iShares Convertible Bond ETF by 162.9% in the second quarter. 1832 Asset Management L.P. now owns 729,587 shares of the company’s stock valued at $57,367,000 after purchasing an additional 452,039 shares during the last quarter. LPL Financial LLC lifted its holdings in iShares Convertible Bond ETF by 8.4% during the 2nd quarter. LPL Financial LLC now owns 503,155 shares of the company’s stock worth $39,563,000 after purchasing an additional 38,791 shares during the last quarter. Finally, AMG National Trust Bank boosted its stake in iShares Convertible Bond ETF by 7.7% in the 2nd quarter. AMG National Trust Bank now owns 484,267 shares of the company’s stock valued at $38,078,000 after purchasing an additional 34,749 shares during the period.

iShares Convertible Bond ETF Trading Up 0.5 %

ICVT stock opened at $88.97 on Tuesday. iShares Convertible Bond ETF has a fifty-two week low of $50.43 and a fifty-two week high of $58.18. The business’s fifty day moving average price is $84.47 and its two-hundred day moving average price is $81.10.

iShares Convertible Bond ETF Cuts Dividend

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

iShares Convertible Bond ETF Company 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.