iShares Convertible Bond ETF (BATS:ICVT) Shares Bought by Acorn Wealth Advisors LLC

Acorn Wealth Advisors LLC grew its position in iShares Convertible Bond ETF (BATS:ICVT) by 8.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,242 shares of the company’s stock after acquiring an additional 401 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $439,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. raised its position in iShares Convertible Bond ETF by 4.7% in the first quarter. Advisors Asset Management Inc. now owns 6,267 shares of the company’s stock valued at $500,000 after purchasing an additional 279 shares during the period. LRI Investments LLC acquired a new position in iShares Convertible Bond ETF during the 1st quarter worth approximately $29,000. Global Financial Private Client LLC lifted its position in iShares Convertible Bond ETF by 44.7% during the 1st quarter. Global Financial Private Client LLC now owns 11,968 shares of the company’s stock worth $953,000 after acquiring an additional 3,698 shares in the last quarter. Tidal Investments LLC boosted its holdings in iShares Convertible Bond ETF by 24.5% in the 1st quarter. Tidal Investments LLC now owns 23,610 shares of the company’s stock worth $1,885,000 after acquiring an additional 4,644 shares during the period. Finally, Comerica Bank grew its position in iShares Convertible Bond ETF by 379.2% in the first quarter. Comerica Bank now owns 11,180 shares of the company’s stock valued at $892,000 after acquiring an additional 8,847 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 0.7 %

Shares of BATS ICVT traded up $0.63 during trading on Monday, reaching $88.57. 171,517 shares of the stock were exchanged. The business’s 50-day moving average price is $84.47 and its 200 day moving average price is $81.10. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

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

iShares Convertible Bond ETF 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.