Farther Finance Advisors LLC Buys 2,648 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Farther Finance Advisors LLC raised its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 32.8% in the 4th quarter, Holdings Channel reports. The firm owned 10,719 shares of the company’s stock after acquiring an additional 2,648 shares during the period. Farther Finance Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $911,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ICVT. Lebenthal Global Advisors LLC boosted its holdings in shares of iShares Convertible Bond ETF by 83.6% during the 4th quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock valued at $35,540,000 after purchasing an additional 190,400 shares during the last quarter. Insight Wealth Strategies LLC bought a new position in shares of iShares Convertible Bond ETF in the 4th quarter valued at about $10,815,000. Redhawk Wealth Advisors Inc. bought a new position in shares of iShares Convertible Bond ETF in the 4th quarter valued at about $9,321,000. Raymond James Financial Inc. bought a new position in shares of iShares Convertible Bond ETF in the 4th quarter valued at about $8,475,000. Finally, Ocean Park Asset Management LLC lifted its holdings in shares of iShares Convertible Bond ETF by 32.8% in the 4th quarter. Ocean Park Asset Management LLC now owns 356,700 shares of the company’s stock valued at $30,309,000 after acquiring an additional 88,100 shares during the last quarter.

iShares Convertible Bond ETF Stock Down 0.9 %

Shares of BATS:ICVT opened at $84.38 on Friday. iShares Convertible Bond ETF has a 12 month low of $75.97 and a 12 month high of $89.71. The company has a 50-day moving average price of $86.65 and a 200 day moving average price of $85.46.

iShares Convertible Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.1466 dividend. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.14. The ex-dividend date was Monday, March 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.