Key Financial Inc Decreases Stake in iShares Convertible Bond ETF (BATS:ICVT)

Key Financial Inc reduced its stake in iShares Convertible Bond ETF (BATS:ICVT) by 47.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,639 shares of the company’s stock after selling 10,464 shares during the period. Key Financial Inc’s holdings in iShares Convertible Bond ETF were worth $989,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Greenleaf Trust boosted its position in shares of iShares Convertible Bond ETF by 2.7% during the fourth quarter. Greenleaf Trust now owns 430,412 shares of the company’s stock valued at $36,572,000 after purchasing an additional 11,363 shares in the last quarter. Lebenthal Global Advisors LLC boosted its position in shares of iShares Convertible Bond ETF by 83.6% during the fourth quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock valued at $35,540,000 after purchasing an additional 190,400 shares in the last quarter. Ocean Park Asset Management LLC boosted its position in shares of iShares Convertible Bond ETF by 32.8% during the fourth quarter. Ocean Park Asset Management LLC now owns 356,700 shares of the company’s stock valued at $30,309,000 after purchasing an additional 88,100 shares in the last quarter. Assetmark Inc. boosted its position in shares of iShares Convertible Bond ETF by 150.4% during the third quarter. Assetmark Inc. now owns 254,643 shares of the company’s stock valued at $21,306,000 after purchasing an additional 152,939 shares in the last quarter. Finally, Pictet North America Advisors SA boosted its position in shares of iShares Convertible Bond ETF by 55.6% during the fourth quarter. Pictet North America Advisors SA now owns 229,300 shares of the company’s stock valued at $19,484,000 after purchasing an additional 81,916 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

BATS ICVT opened at $88.84 on Tuesday. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18. The stock’s 50 day moving average is $86.99 and its 200 day moving average is $84.72.

iShares Convertible Bond ETF Cuts Dividend

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