Private Advisor Group LLC Purchases 7,679 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Private Advisor Group LLC raised its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 18.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,465 shares of the company’s stock after purchasing an additional 7,679 shares during the quarter. Private Advisor Group LLC’s holdings in iShares Convertible Bond ETF were worth $3,887,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Gravity Asset Management Inc. grew its stake in shares of iShares Convertible Bond ETF by 2,269.2% during the third quarter. Financial Gravity Asset Management Inc. now owns 922,016 shares of the company’s stock worth $68,423,000 after buying an additional 883,099 shares during the last quarter. Bank of Nova Scotia acquired a new position in iShares Convertible Bond ETF in the 3rd quarter worth about $48,415,000. Tradewinds Capital Management LLC raised its position in iShares Convertible Bond ETF by 46,715.7% in the third quarter. Tradewinds Capital Management LLC now owns 618,903 shares of the company’s stock valued at $45,929,000 after purchasing an additional 617,581 shares during the last quarter. Advisory Alpha LLC raised its position in iShares Convertible Bond ETF by 2.0% in the fourth quarter. Advisory Alpha LLC now owns 403,028 shares of the company’s stock valued at $31,680,000 after purchasing an additional 7,712 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of iShares Convertible Bond ETF by 7.4% during the third quarter. Assetmark Inc. now owns 396,757 shares of the company’s stock valued at $29,443,000 after purchasing an additional 27,290 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

BATS:ICVT opened at $78.30 on Friday. The stock’s 50-day moving average is $78.27 and its 200-day moving average is $76.75. iShares Convertible Bond ETF has a 1-year low of $50.43 and a 1-year high of $58.18.

iShares Convertible Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.1346 per share. This is a positive change from iShares Convertible Bond ETF’s previous dividend of $0.12. The ex-dividend date was Monday, April 1st.

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.