Quadrant Private Wealth Management LLC Increases Stake in iShares Convertible Bond ETF (BATS:ICVT)

Quadrant Private Wealth Management LLC lifted its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 52.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,452 shares of the company’s stock after buying an additional 1,869 shares during the period. Quadrant Private Wealth Management LLC’s holdings in iShares Convertible Bond ETF were worth $463,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ICVT. PSI Advisors LLC purchased a new position in shares of iShares Convertible Bond ETF during the fourth quarter valued at about $29,000. Spire Wealth Management increased its position in shares of iShares Convertible Bond ETF by 56.9% during the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after buying an additional 164 shares during the period. LGT Financial Advisors LLC increased its position in shares of iShares Convertible Bond ETF by 45.3% during the third quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock valued at $44,000 after buying an additional 164 shares during the period. Endeavor Private Wealth Inc. purchased a new position in shares of iShares Convertible Bond ETF during the fourth quarter valued at about $45,000. Finally, Elevation Wealth Partners LLC boosted its stake in iShares Convertible Bond ETF by 42.6% during the fourth quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock worth $76,000 after acquiring an additional 268 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

BATS:ICVT opened at $88.84 on Friday. iShares Convertible Bond ETF has a one year low of $50.43 and a one year high of $58.18. The company’s 50-day simple moving average is $86.99 and its 200 day simple moving average is $84.59.

iShares Convertible Bond ETF Cuts Dividend

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