J.W. Cole Advisors Inc. Has $676,000 Stake in iShares Convertible Bond ETF (BATS:ICVT)

J.W. Cole Advisors Inc. boosted its stake in iShares Convertible Bond ETF (BATS:ICVT) by 23.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,602 shares of the company’s stock after purchasing an additional 1,643 shares during the period. J.W. Cole Advisors Inc.’s holdings in iShares Convertible Bond ETF were worth $676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in iShares Convertible Bond ETF by 75.3% in the third quarter. Envestnet Asset Management Inc. now owns 206,412 shares of the company’s stock valued at $15,318,000 after purchasing an additional 88,680 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in iShares Convertible Bond ETF by 7.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 85,931 shares of the company’s stock valued at $6,377,000 after purchasing an additional 6,107 shares during the period. Advisory Alpha LLC grew its holdings in iShares Convertible Bond ETF by 2.0% during the 4th quarter. Advisory Alpha LLC now owns 403,028 shares of the company’s stock worth $31,680,000 after acquiring an additional 7,712 shares during the period. Archer Investment Corp raised its position in shares of iShares Convertible Bond ETF by 6.6% in the 4th quarter. Archer Investment Corp now owns 11,113 shares of the company’s stock worth $873,000 after acquiring an additional 689 shares in the last quarter. Finally, Tradewinds Capital Management LLC raised its position in shares of iShares Convertible Bond ETF by 46,715.7% in the 3rd quarter. Tradewinds Capital Management LLC now owns 618,903 shares of the company’s stock worth $45,929,000 after acquiring an additional 617,581 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

ICVT stock opened at $76.55 on Tuesday. The stock has a 50-day moving average price of $78.34 and a 200-day moving average price of $76.39. iShares Convertible Bond ETF has a 1-year low of $50.43 and a 1-year high of $58.18.

iShares Convertible Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a $0.1346 dividend. The ex-dividend date was Monday, April 1st. This is a positive change from iShares Convertible Bond ETF’s previous dividend of $0.12.

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.