Baker Avenue Asset Management LP Reduces Stock Position in iShares Convertible Bond ETF (BATS:ICVT)

Baker Avenue Asset Management LP decreased its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 245,883 shares of the company’s stock after selling 18,394 shares during the period. Baker Avenue Asset Management LP owned about 1.02% of iShares Convertible Bond ETF worth $20,573,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sigma Planning Corp purchased a new position in shares of iShares Convertible Bond ETF during the third quarter valued at $566,000. Assetmark Inc. boosted its position in iShares Convertible Bond ETF by 150.4% during the 3rd quarter. Assetmark Inc. now owns 254,643 shares of the company’s stock valued at $21,306,000 after acquiring an additional 152,939 shares in the last quarter. LGT Financial Advisors LLC raised its position in shares of iShares Convertible Bond ETF by 45.3% in the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after acquiring an additional 164 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of iShares Convertible Bond ETF in the 3rd quarter worth $3,803,000. Finally, Alterna Wealth Management Inc. lifted its stake in shares of iShares Convertible Bond ETF by 17.9% during the 3rd quarter. Alterna Wealth Management Inc. now owns 4,256 shares of the company’s stock worth $356,000 after purchasing an additional 645 shares during the last quarter.

iShares Convertible Bond ETF Trading Up 0.0 %

BATS:ICVT traded up $0.04 during midday trading on Friday, reaching $86.19. 1,799,064 shares of the stock traded hands. The business has a 50-day moving average of $83.13 and a two-hundred day moving average of $80.41. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.1528 dividend. The ex-dividend date was Tuesday, September 3rd.

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.