iShares Convertible Bond ETF (BATS:ICVT) Stock Position Raised by Stifel Financial Corp

Stifel Financial Corp boosted its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 10.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 99,269 shares of the company’s stock after purchasing an additional 9,242 shares during the period. Stifel Financial Corp owned 0.41% of iShares Convertible Bond ETF worth $8,435,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ICVT. Tidemark LLC raised its position in iShares Convertible Bond ETF by 1.3% during the fourth quarter. Tidemark LLC now owns 11,024 shares of the company’s stock valued at $937,000 after buying an additional 139 shares during the period. Spire Wealth Management increased its holdings in shares of iShares Convertible Bond ETF by 56.9% in the 4th quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after purchasing an additional 164 shares during the period. Keystone Financial Services lifted its position in shares of iShares Convertible Bond ETF by 5.6% in the fourth quarter. Keystone Financial Services now owns 3,226 shares of the company’s stock worth $274,000 after purchasing an additional 170 shares in the last quarter. Ridgewood Investments LLC boosted its holdings in shares of iShares Convertible Bond ETF by 3.6% during the fourth quarter. Ridgewood Investments LLC now owns 6,800 shares of the company’s stock worth $578,000 after purchasing an additional 238 shares during the period. Finally, Wetzel Investment Advisors Inc. grew its position in iShares Convertible Bond ETF by 0.5% during the fourth quarter. Wetzel Investment Advisors Inc. now owns 47,256 shares of the company’s stock valued at $4,015,000 after purchasing an additional 243 shares in the last quarter.

iShares Convertible Bond ETF Trading Down 1.1 %

ICVT stock opened at $84.18 on Monday. The company has a 50 day moving average of $83.79 and a two-hundred day moving average of $85.67. iShares Convertible Bond ETF has a 12-month low of $75.97 and a 12-month high of $89.71.

iShares Convertible Bond ETF Increases Dividend

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