Oppenheimer & Co. Inc. Has $1.94 Million Stake in iShares Convertible Bond ETF (BATS:ICVT)

Oppenheimer & Co. Inc. lowered its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 1.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 22,777 shares of the company’s stock after selling 238 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in iShares Convertible Bond ETF were worth $1,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. PSI Advisors LLC acquired a new stake in shares of iShares Convertible Bond ETF in the fourth quarter valued at approximately $29,000. Spire Wealth Management lifted its position in iShares Convertible Bond ETF by 56.9% during the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock worth $38,000 after purchasing an additional 164 shares during the period. LGT Financial Advisors LLC lifted its position in iShares Convertible Bond ETF by 45.3% during the third quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after purchasing an additional 164 shares during the period. Endeavor Private Wealth Inc. acquired a new stake in iShares Convertible Bond ETF during the fourth quarter worth about $45,000. Finally, Elevation Wealth Partners LLC lifted its stake in iShares Convertible Bond ETF by 42.6% during the fourth quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock worth $76,000 after purchasing an additional 268 shares during the last quarter.

iShares Convertible Bond ETF Stock Up 0.2 %

Shares of ICVT stock opened at $85.29 on Tuesday. iShares Convertible Bond ETF has a fifty-two week low of $50.43 and a fifty-two week high of $58.18. The stock’s fifty day moving average price is $86.91 and its two-hundred day moving average price is $85.28.

iShares Convertible Bond ETF Increases Dividend

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