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

Aire Advisors LLC boosted its position in iShares Convertible Bond ETF (BATS:ICVT) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 119,279 shares of the company’s stock after purchasing an additional 5,633 shares during the quarter. iShares Convertible Bond ETF comprises 2.1% of Aire Advisors LLC’s holdings, making the stock its 15th biggest position. Aire Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $10,135,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. increased its stake in iShares Convertible Bond ETF by 23.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,033 shares of the company’s stock valued at $343,000 after buying an additional 766 shares during the period. SG Americas Securities LLC bought a new position in shares of iShares Convertible Bond ETF in the fourth quarter valued at approximately $544,000. Truist Financial Corp increased its stake in shares of iShares Convertible Bond ETF by 11.0% during the fourth quarter. Truist Financial Corp now owns 43,458 shares of the company’s stock valued at $3,693,000 after acquiring an additional 4,300 shares during the period. JPMorgan Chase & Co. raised its holdings in iShares Convertible Bond ETF by 32.6% during the third quarter. JPMorgan Chase & Co. now owns 228,239 shares of the company’s stock worth $19,097,000 after purchasing an additional 56,149 shares in the last quarter. Finally, Centerline Wealth Advisors LLC acquired a new stake in iShares Convertible Bond ETF in the fourth quarter worth approximately $5,511,000.

iShares Convertible Bond ETF Trading Up 0.9 %

Shares of ICVT stock opened at $85.93 on Tuesday. iShares Convertible Bond ETF has a 1 year low of $75.97 and a 1 year high of $89.71. The business’s fifty day moving average is $86.56 and its 200-day moving average is $85.73.

iShares Convertible Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.1466 per share. This is a positive change from iShares Convertible Bond ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, March 3rd.

About iShares Convertible Bond ETF

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.