Wells Financial Advisors INC Makes New Investment in iShares Convertible Bond ETF (BATS:ICVT)

Wells Financial Advisors INC bought a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 305 shares of the company’s stock, valued at approximately $26,000.

A number of other institutional investors also recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. boosted its stake in iShares Convertible Bond ETF by 23.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,033 shares of the company’s stock worth $343,000 after acquiring an additional 766 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of iShares Convertible Bond ETF during the fourth quarter valued at $544,000. Truist Financial Corp raised its position in shares of iShares Convertible Bond ETF by 11.0% in the 4th quarter. Truist Financial Corp now owns 43,458 shares of the company’s stock worth $3,693,000 after purchasing an additional 4,300 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in iShares Convertible Bond ETF by 32.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,239 shares of the company’s stock worth $19,097,000 after purchasing an additional 56,149 shares in the last quarter. Finally, Centerline Wealth Advisors LLC bought a new stake in iShares Convertible Bond ETF during the 4th quarter valued at about $5,511,000.

iShares Convertible Bond ETF Stock Up 0.9 %

ICVT stock opened at $85.90 on Wednesday. The stock’s 50 day simple moving average is $86.58 and its 200 day simple moving average is $85.78. 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 issued a $0.1466 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from iShares Convertible Bond ETF’s previous dividend of $0.14.

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.