Provident Wealth Management LLC Sells 612 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Provident Wealth Management LLC lessened its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,594 shares of the company’s stock after selling 612 shares during the quarter. iShares Convertible Bond ETF comprises approximately 0.7% of Provident Wealth Management LLC’s portfolio, making the stock its 24th biggest holding. Provident Wealth Management LLC owned 0.10% of iShares Convertible Bond ETF worth $2,090,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. PSI Advisors LLC purchased a new position in iShares Convertible Bond ETF in the 4th quarter valued at approximately $29,000. Spire Wealth Management grew its position in shares of iShares Convertible Bond ETF by 56.9% in the fourth 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 raised its stake in shares of iShares Convertible Bond ETF by 45.3% during 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 period. Endeavor Private Wealth Inc. purchased a new stake in iShares Convertible Bond ETF during the 4th quarter worth about $45,000. Finally, Elevation Wealth Partners LLC boosted its stake in iShares Convertible Bond ETF by 42.6% in the 4th quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock worth $76,000 after purchasing an additional 268 shares during the period.

iShares Convertible Bond ETF Trading Up 1.1 %

Shares of ICVT opened at $86.07 on Wednesday. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18. The business’s 50-day moving average price is $86.92 and its 200-day moving average price is $85.13.

iShares Convertible Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.1406 dividend. 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.