iShares Convertible Bond ETF (BATS:ICVT) Shares Bought by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC raised its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 323,880.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 314,261 shares of the company’s stock after purchasing an additional 314,164 shares during the quarter. iShares Convertible Bond ETF accounts for approximately 8.3% of Prestige Wealth Management Group LLC’s investment portfolio, making the stock its 3rd biggest position. Prestige Wealth Management Group LLC owned about 1.30% of iShares Convertible Bond ETF worth $26,703,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. LPL Financial LLC boosted its position in iShares Convertible Bond ETF by 77.4% in the fourth quarter. LPL Financial LLC now owns 945,340 shares of the company’s stock valued at $80,326,000 after buying an additional 412,335 shares in the last quarter. Lebenthal Global Advisors LLC grew its holdings in iShares Convertible Bond ETF by 83.6% during the 4th quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock worth $35,540,000 after acquiring an additional 190,400 shares during the last quarter. Insight Wealth Strategies LLC acquired a new position in iShares Convertible Bond ETF in the 4th quarter valued at approximately $10,815,000. Redhawk Wealth Advisors Inc. bought a new position in shares of iShares Convertible Bond ETF during the fourth quarter valued at $9,321,000. Finally, Thrivent Financial for Lutherans raised its position in shares of iShares Convertible Bond ETF by 597.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 119,923 shares of the company’s stock worth $10,457,000 after acquiring an additional 102,731 shares during the last quarter.

iShares Convertible Bond ETF Price Performance

BATS:ICVT opened at $85.93 on Tuesday. iShares Convertible Bond ETF has a fifty-two week low of $75.97 and a fifty-two week high of $89.71. The company has a 50 day simple moving average of $86.56 and a two-hundred day simple moving average of $85.73.

iShares Convertible Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1466 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.14.

iShares Convertible Bond ETF Company 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.