Financial Advocates Investment Management Buys New Shares in iShares Convertible Bond ETF (BATS:ICVT)

Financial Advocates Investment Management bought a new stake in iShares Convertible Bond ETF (BATS:ICVT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,799 shares of the company’s stock, valued at approximately $4,634,000. Financial Advocates Investment Management owned about 0.21% of iShares Convertible Bond ETF as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ICVT. Advisors Preferred LLC purchased a new stake in iShares Convertible Bond ETF during the first quarter valued at about $26,000. EverSource Wealth Advisors LLC boosted its position in iShares Convertible Bond ETF by 210.6% during the second quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock valued at $26,000 after buying an additional 219 shares during the period. LRI Investments LLC purchased a new stake in iShares Convertible Bond ETF during the first quarter valued at about $29,000. LGT Financial Advisors LLC boosted its position in iShares Convertible Bond ETF by 336.1% during the second quarter. LGT Financial Advisors LLC now owns 362 shares of the company’s stock valued at $29,000 after buying an additional 279 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in iShares Convertible Bond ETF during the second quarter valued at about $33,000.

iShares Convertible Bond ETF Stock Performance

BATS ICVT opened at $84.49 on Thursday. The company has a 50-day simple moving average of $82.52 and a two-hundred day simple moving average of $79.98. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.1528 per share. The ex-dividend date of this dividend was Tuesday, September 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.