TRUE Private Wealth Advisors Reduces Stake in iShares Convertible Bond ETF (BATS:ICVT)

TRUE Private Wealth Advisors lowered its stake in iShares Convertible Bond ETF (BATS:ICVT) by 88.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,653 shares of the company’s stock after selling 28,657 shares during the period. TRUE Private Wealth Advisors’ holdings in iShares Convertible Bond ETF were worth $287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ICVT. Financial Gravity Asset Management Inc. grew its position in iShares Convertible Bond ETF by 2,269.2% in the third quarter. Financial Gravity Asset Management Inc. now owns 922,016 shares of the company’s stock worth $68,423,000 after acquiring an additional 883,099 shares in the last quarter. Jane Street Group LLC grew its position in iShares Convertible Bond ETF by 604.6% in the first quarter. Jane Street Group LLC now owns 915,343 shares of the company’s stock worth $66,472,000 after acquiring an additional 785,426 shares in the last quarter. Bank of Nova Scotia purchased a new position in iShares Convertible Bond ETF in the third quarter worth about $48,415,000. Tradewinds Capital Management LLC grew 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 worth $45,929,000 after acquiring an additional 617,581 shares in the last quarter. Finally, BlackRock Inc. grew its position in iShares Convertible Bond ETF by 57,927.6% in the first quarter. BlackRock Inc. now owns 221,085 shares of the company’s stock worth $18,420,000 after acquiring an additional 220,704 shares in the last quarter.

iShares Convertible Bond ETF Trading Down 0.1 %

ICVT opened at $76.61 on Thursday. iShares Convertible Bond ETF has a 12 month low of $50.43 and a 12 month high of $58.18. The stock has a 50-day moving average of $78.47 and a 200 day moving average of $76.30.

iShares Convertible Bond ETF Increases Dividend

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

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.