Northwest Capital Management Inc Reduces Position in iShares Convertible Bond ETF (BATS:ICVT)

Northwest Capital Management Inc lessened its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 18.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,312 shares of the company’s stock after selling 1,184 shares during the quarter. Northwest Capital Management Inc’s holdings in iShares Convertible Bond ETF were worth $451,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. PSI Advisors LLC purchased a new position in iShares Convertible Bond ETF during the 4th quarter worth approximately $29,000. Spire Wealth Management lifted its position in iShares Convertible Bond ETF by 56.9% during the 4th quarter. Spire Wealth Management now owns 452 shares of the company’s stock worth $38,000 after acquiring an additional 164 shares during the period. LGT Financial Advisors LLC lifted its position in iShares Convertible Bond ETF by 45.3% during the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after acquiring an additional 164 shares during the period. Endeavor Private Wealth Inc. acquired a new stake in iShares Convertible Bond ETF during the 4th quarter worth approximately $45,000. Finally, Elevation Wealth Partners LLC lifted its position in iShares Convertible Bond ETF by 42.6% during the 4th quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock worth $76,000 after acquiring an additional 268 shares during the period.

iShares Convertible Bond ETF Stock Up 2.6 %

iShares Convertible Bond ETF stock opened at $87.34 on Monday. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18. The stock has a 50 day moving average of $87.00 and a two-hundred day moving average of $85.02.

iShares Convertible Bond ETF Cuts Dividend

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