Summit X LLC Purchases 727 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Summit X LLC raised its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,320 shares of the company’s stock after acquiring an additional 727 shares during the period. Summit X LLC’s holdings in iShares Convertible Bond ETF were worth $537,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. PSI Advisors LLC bought a new stake in shares of iShares Convertible Bond ETF in the fourth quarter valued at about $29,000. Spire Wealth Management lifted its stake in shares of iShares Convertible Bond ETF by 56.9% in the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after buying an additional 164 shares during the period. Endeavor Private Wealth Inc. bought a new stake in shares of iShares Convertible Bond ETF in the fourth quarter valued at about $45,000. Elevation Wealth Partners LLC lifted its stake in shares of iShares Convertible Bond ETF by 42.6% in the fourth quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock valued at $76,000 after buying an additional 268 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in shares of iShares Convertible Bond ETF in the fourth quarter valued at about $118,000.

iShares Convertible Bond ETF Trading Down 1.9 %

BATS ICVT opened at $83.47 on Wednesday. The firm has a 50-day simple moving average of $86.74 and a 200 day simple moving average of $85.47. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18.

iShares Convertible Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a $0.1466 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from iShares Convertible Bond ETF’s previous dividend of $0.14.

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.