Greykasell Wealth Strategies Inc. Invests $908,000 in iShares Convertible Bond ETF (BATS:ICVT)

Greykasell Wealth Strategies Inc. bought a new position in iShares Convertible Bond ETF (BATS:ICVT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,681 shares of the company’s stock, valued at approximately $908,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its stake in shares of iShares Convertible Bond ETF by 20.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 24,780 shares of the company’s stock worth $2,106,000 after buying an additional 4,194 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of iShares Convertible Bond ETF by 5.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,582 shares of the company’s stock worth $984,000 after buying an additional 624 shares in the last quarter. Liberty Wealth Management LLC lifted its stake in shares of iShares Convertible Bond ETF by 37.1% in the fourth quarter. Liberty Wealth Management LLC now owns 4,406 shares of the company’s stock worth $365,000 after buying an additional 1,192 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of iShares Convertible Bond ETF by 32.8% during the fourth quarter. Farther Finance Advisors LLC now owns 10,719 shares of the company’s stock valued at $911,000 after purchasing an additional 2,648 shares during the last quarter. Finally, PFG Advisors raised its holdings in shares of iShares Convertible Bond ETF by 21.2% during the fourth quarter. PFG Advisors now owns 12,237 shares of the company’s stock valued at $1,040,000 after purchasing an additional 2,143 shares during the last quarter.

iShares Convertible Bond ETF Price Performance

ICVT opened at $84.38 on Friday. The firm has a 50 day moving average price of $86.65 and a 200-day moving average price of $85.46. iShares Convertible Bond ETF has a twelve month low of $75.97 and a twelve month high of $89.71.

iShares Convertible Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued 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 was Monday, March 3rd.

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.