Icon Wealth Advisors LLC Increases Position in iShares Convertible Bond ETF (BATS:ICVT)

Icon Wealth Advisors LLC increased its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 52.7% during the third quarter, Holdings Channel reports. The fund owned 4,438 shares of the company’s stock after acquiring an additional 1,532 shares during the quarter. Icon Wealth Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $410,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ICVT. Susquehanna International Group LLP purchased a new stake in shares of iShares Convertible Bond ETF in the second quarter valued at $80,458,000. 1832 Asset Management L.P. boosted its stake in iShares Convertible Bond ETF by 162.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 729,587 shares of the company’s stock worth $57,367,000 after buying an additional 452,039 shares during the last quarter. Certified Advisory Corp purchased a new stake in iShares Convertible Bond ETF in the 2nd quarter valued at about $12,818,000. Assetmark Inc. increased its stake in shares of 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 during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of iShares Convertible Bond ETF by 14.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,094,735 shares of the company’s stock worth $86,079,000 after acquiring an additional 138,493 shares during the period.

iShares Convertible Bond ETF Stock Performance

iShares Convertible Bond ETF stock opened at $88.57 on Friday. iShares Convertible Bond ETF has a 1 year low of $50.43 and a 1 year high of $58.18. The firm has a 50 day moving average price of $84.47 and a 200 day moving average price of $81.06.

iShares Convertible Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders 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.