Howard Capital Management Inc. Boosts Stake in iShares Convertible Bond ETF (BATS:ICVT)

Howard Capital Management Inc. lifted its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,900 shares of the company’s stock after buying an additional 16,800 shares during the quarter. iShares Convertible Bond ETF accounts for 0.4% of Howard Capital Management Inc.’s portfolio, making the stock its 28th biggest holding. Howard Capital Management Inc.’s holdings in iShares Convertible Bond ETF were worth $28,711,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. PSI Advisors LLC acquired a new position in iShares Convertible Bond ETF during the fourth quarter worth $29,000. Spire Wealth Management raised its holdings 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 last quarter. LGT Financial Advisors LLC raised its holdings 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 last quarter. Endeavor Private Wealth Inc. acquired a new position in iShares Convertible Bond ETF during the fourth quarter worth $45,000. Finally, Elevation Wealth Partners LLC raised its holdings 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 Price Performance

BATS ICVT opened at $87.34 on Friday. iShares Convertible Bond ETF has a fifty-two week low of $50.43 and a fifty-two week high of $58.18. The business has a fifty day moving average of $87.00 and a 200-day moving average of $84.97.

iShares Convertible Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a $0.1406 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

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.