BCU Wealth Advisors LLC Acquires 755 Shares of iShares Convertible Bond ETF (BATS:ICVT)

BCU Wealth Advisors LLC boosted its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 30.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,233 shares of the company’s stock after purchasing an additional 755 shares during the quarter. BCU Wealth Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Lebenthal Global Advisors LLC lifted its holdings in shares of iShares Convertible Bond ETF by 83.6% during the fourth quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock worth $35,540,000 after buying an additional 190,400 shares during the last quarter. Assetmark Inc. raised its stake in 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 purchasing an additional 152,939 shares during the last quarter. Insight Wealth Strategies LLC bought a new stake in iShares Convertible Bond ETF in the 4th quarter valued at $10,815,000. Redhawk Wealth Advisors Inc. acquired a new stake in iShares Convertible Bond ETF in the 4th quarter worth $9,321,000. Finally, Ocean Park Asset Management LLC increased its holdings in shares of iShares Convertible Bond ETF by 32.8% during the 4th quarter. Ocean Park Asset Management LLC now owns 356,700 shares of the company’s stock worth $30,309,000 after purchasing an additional 88,100 shares during the period.

iShares Convertible Bond ETF Trading Up 4.4 %

BATS ICVT opened at $88.84 on Friday. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18. The firm has a 50-day simple moving average of $86.99 and a 200 day simple moving average of $84.59.

iShares Convertible Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.1406 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

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.