Provident Wealth Management LLC Lowers Stock Holdings in iShares Convertible Bond ETF (BATS:ICVT)

Provident Wealth Management LLC reduced its position in iShares Convertible Bond ETF (BATS:ICVT) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,594 shares of the company’s stock after selling 612 shares during the quarter. iShares Convertible Bond ETF accounts for about 0.7% of Provident Wealth Management LLC’s holdings, making the stock its 24th largest holding. Provident Wealth Management LLC’s holdings in iShares Convertible Bond ETF were worth $2,090,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Icon Wealth Advisors LLC lifted its position in iShares Convertible Bond ETF by 4.9% in the 3rd quarter. Icon Wealth Advisors LLC now owns 3,048 shares of the company’s stock worth $255,000 after buying an additional 142 shares during the last quarter. LGT Financial Advisors LLC lifted its holdings in shares of iShares Convertible Bond ETF by 45.3% in 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 last quarter. Spire Wealth Management lifted its holdings in shares of iShares Convertible Bond ETF by 56.9% in 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 last quarter. Keystone Financial Services boosted its stake in shares of iShares Convertible Bond ETF by 5.6% in the 4th quarter. Keystone Financial Services now owns 3,226 shares of the company’s stock valued at $274,000 after purchasing an additional 170 shares in the last quarter. Finally, Ridgewood Investments LLC grew its holdings in shares of iShares Convertible Bond ETF by 3.6% during the 4th quarter. Ridgewood Investments LLC now owns 6,800 shares of the company’s stock valued at $578,000 after purchasing an additional 238 shares during the last quarter.

iShares Convertible Bond ETF Stock Up 1.1 %

Shares of BATS:ICVT opened at $86.07 on Wednesday. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18. The stock’s 50-day moving average price is $86.92 and its 200-day moving average price is $85.13.

iShares Convertible Bond ETF Cuts Dividend

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