iShares Convertible Bond ETF (BATS:ICVT) Stock Position Boosted by Florin Court Capital LLP

Florin Court Capital LLP boosted its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 58.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,600 shares of the company’s stock after buying an additional 14,222 shares during the period. iShares Convertible Bond ETF accounts for approximately 3.2% of Florin Court Capital LLP’s holdings, making the stock its 10th largest holding. Florin Court Capital LLP’s holdings in iShares Convertible Bond ETF were worth $3,034,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Atria Wealth Solutions Inc. lifted its position in iShares Convertible Bond ETF by 327.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 20,167 shares of the company’s stock valued at $1,585,000 after buying an additional 15,449 shares in the last quarter. CWM LLC boosted its position in iShares Convertible Bond ETF by 102.3% during the 4th quarter. CWM LLC now owns 62,110 shares of the company’s stock valued at $4,881,000 after purchasing an additional 31,407 shares during the period. Calamos Wealth Management LLC bought a new position in shares of iShares Convertible Bond ETF during the fourth quarter worth about $2,401,000. J.W. Cole Advisors Inc. increased its stake in shares of iShares Convertible Bond ETF by 23.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 8,602 shares of the company’s stock valued at $676,000 after purchasing an additional 1,643 shares during the period. Finally, Wetzel Investment Advisors Inc. acquired a new stake in iShares Convertible Bond ETF in the 4th quarter valued at approximately $3,623,000.

iShares Convertible Bond ETF Stock Down 0.2 %

Shares of ICVT stock traded down $0.18 during midday trading on Friday, reaching $77.05. 104,607 shares of the company were exchanged. iShares Convertible Bond ETF has a 12 month low of $50.43 and a 12 month high of $58.18. The company’s 50 day moving average price is $78.28 and its two-hundred day moving average price is $76.43.

iShares Convertible Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a $0.1346 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.12.

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.