Meridian Wealth Management LLC Has $255,000 Stock Position in iShares Convertible Bond ETF (BATS:ICVT)

Meridian Wealth Management LLC cut its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 17.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,046 shares of the company’s stock after selling 638 shares during the quarter. Meridian Wealth Management LLC’s holdings in iShares Convertible Bond ETF were worth $255,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Creative Planning boosted its position in iShares Convertible Bond ETF by 12.3% during the 3rd quarter. Creative Planning now owns 3,325 shares of the company’s stock worth $278,000 after buying an additional 363 shares during the period. Private Advisor Group LLC grew its stake in shares of iShares Convertible Bond ETF by 3.9% in the third quarter. Private Advisor Group LLC now owns 31,568 shares of the company’s stock worth $2,641,000 after purchasing an additional 1,199 shares during the last quarter. Kades & Cheifetz LLC grew its stake in shares of iShares Convertible Bond ETF by 3.7% in the third quarter. Kades & Cheifetz LLC now owns 64,697 shares of the company’s stock worth $5,413,000 after purchasing an additional 2,328 shares during the last quarter. Bank of Montreal Can increased its holdings in iShares Convertible Bond ETF by 857.2% in the second quarter. Bank of Montreal Can now owns 26,389 shares of the company’s stock valued at $2,088,000 after purchasing an additional 23,632 shares during the period. Finally, 1832 Asset Management L.P. raised its position in iShares Convertible Bond ETF by 162.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 729,587 shares of the company’s stock worth $57,367,000 after purchasing an additional 452,039 shares during the last quarter.

iShares Convertible Bond ETF Trading Up 0.5 %

BATS ICVT opened at $88.97 on Tuesday. The business’s 50-day moving average price is $84.47 and its two-hundred day moving average price is $81.10. 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 business also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a $0.1528 dividend. The ex-dividend date of this dividend 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.