Florin Court Capital LLP Takes Position in iShares Convertible Bond ETF (BATS:ICVT)

Florin Court Capital LLP bought a new stake in iShares Convertible Bond ETF (BATS:ICVT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 60,408 shares of the company’s stock, valued at approximately $5,054,000. iShares Convertible Bond ETF comprises 4.1% of Florin Court Capital LLP’s investment portfolio, making the stock its 7th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in iShares Convertible Bond ETF by 210.6% during the second quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock worth $26,000 after buying an additional 219 shares in the last quarter. LGT Financial Advisors LLC grew its position in iShares Convertible Bond ETF by 336.1% during the second quarter. LGT Financial Advisors LLC now owns 362 shares of the company’s stock worth $29,000 after buying an additional 279 shares in the last quarter. LRI Investments LLC acquired a new stake in iShares Convertible Bond ETF during the first quarter worth approximately $29,000. International Assets Investment Management LLC acquired a new stake in iShares Convertible Bond ETF during the second quarter worth approximately $33,000. Finally, Mattson Financial Services LLC acquired a new stake in iShares Convertible Bond ETF during the second quarter worth approximately $61,000.

iShares Convertible Bond ETF Stock Performance

BATS ICVT opened at $86.77 on Thursday. The business has a fifty day moving average price of $83.52 and a two-hundred day moving average price of $80.62. 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 announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.1528 per share. The ex-dividend date of this dividend 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.