Private Trust Co. NA Increases Position in iShares Convertible Bond ETF (BATS:ICVT)

Private Trust Co. NA lifted its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 8.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,234 shares of the company’s stock after purchasing an additional 256 shares during the period. Private Trust Co. NA’s holdings in iShares Convertible Bond ETF were worth $275,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. PSI Advisors LLC purchased a new stake in iShares Convertible Bond ETF during the 4th quarter valued at approximately $29,000. Spire Wealth Management grew its stake in iShares Convertible Bond ETF by 56.9% during the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after acquiring an additional 164 shares in the last quarter. LGT Financial Advisors LLC increased its holdings in iShares Convertible Bond ETF by 45.3% in the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock valued at $44,000 after acquiring an additional 164 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new stake in iShares Convertible Bond ETF in the 4th quarter worth $45,000. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of iShares Convertible Bond ETF by 42.6% during the 4th quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock valued at $76,000 after purchasing an additional 268 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of iShares Convertible Bond ETF stock opened at $85.29 on Tuesday. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18. The business has a 50-day moving average price of $86.91 and a 200-day moving average price of $85.28.

iShares Convertible Bond ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be paid a $0.1466 dividend. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.14. The ex-dividend date of this dividend is Monday, March 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.