Pinnacle Holdings LLC Makes New $129,000 Investment in iShares Convertible Bond ETF (BATS:ICVT)

Pinnacle Holdings LLC bought a new stake in iShares Convertible Bond ETF (BATS:ICVT) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,515 shares of the company’s stock, valued at approximately $129,000.

Other large investors have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in iShares Convertible Bond ETF by 30.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,469,314 shares of the company’s stock valued at $124,848,000 after buying an additional 342,644 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of iShares Convertible Bond ETF by 77.4% in the 4th quarter. LPL Financial LLC now owns 945,340 shares of the company’s stock worth $80,326,000 after acquiring an additional 412,335 shares in the last quarter. New York Life Investment Management LLC grew its position in iShares Convertible Bond ETF by 3.1% during the 4th quarter. New York Life Investment Management LLC now owns 492,630 shares of the company’s stock worth $41,859,000 after acquiring an additional 14,762 shares during the last quarter. Greenleaf Trust grew its position in iShares Convertible Bond ETF by 2.7% during the 4th quarter. Greenleaf Trust now owns 430,412 shares of the company’s stock worth $36,572,000 after acquiring an additional 11,363 shares during the last quarter. Finally, Lebenthal Global Advisors LLC increased 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 valued at $35,540,000 after purchasing an additional 190,400 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT stock opened at $78.97 on Wednesday. iShares Convertible Bond ETF has a 52 week low of $75.97 and a 52 week high of $89.71. The stock’s fifty day moving average is $85.52 and its 200-day moving average is $85.80.

iShares Convertible Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1466 per share. The ex-dividend date was Monday, March 3rd. This is a positive change 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.