Millington Financial Advisors LLC Acquires 678 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Millington Financial Advisors LLC grew its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 8.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,878 shares of the company’s stock after buying an additional 678 shares during the quarter. Millington Financial Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $775,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. PSI Advisors LLC bought a new position in shares of iShares Convertible Bond ETF during the fourth quarter valued at approximately $29,000. Spire Wealth Management increased its position in iShares Convertible Bond ETF by 56.9% during 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. LGT Financial Advisors LLC raised its holdings in iShares Convertible Bond ETF by 45.3% in the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after purchasing an additional 164 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new stake in shares of iShares Convertible Bond ETF in the 4th quarter worth about $45,000. Finally, Elevation Wealth Partners LLC boosted its stake in shares of iShares Convertible Bond ETF by 42.6% during the 4th quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock valued at $76,000 after purchasing an additional 268 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 1.8 %

Shares of BATS ICVT opened at $86.63 on Tuesday. iShares Convertible Bond ETF has a 1 year low of $50.43 and a 1 year high of $58.18. The company’s 50-day moving average is $86.96 and its 200 day moving average is $85.08.

iShares Convertible Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a $0.1406 dividend. The ex-dividend date was Monday, February 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.