McAdam LLC Sells 557 Shares of iShares Convertible Bond ETF (BATS:ICVT)

McAdam LLC trimmed its stake in iShares Convertible Bond ETF (BATS:ICVT) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,109 shares of the company’s stock after selling 557 shares during the quarter. McAdam LLC’s holdings in iShares Convertible Bond ETF were worth $349,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Creative Planning increased its holdings in iShares Convertible Bond ETF by 12.3% during the third quarter. Creative Planning now owns 3,325 shares of the company’s stock worth $278,000 after buying an additional 363 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of iShares Convertible Bond ETF by 23.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,033 shares of the company’s stock valued at $343,000 after purchasing an additional 766 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares Convertible Bond ETF by 32.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,239 shares of the company’s stock valued at $19,097,000 after purchasing an additional 56,149 shares during the period. Private Advisor Group LLC grew its holdings in iShares Convertible Bond ETF by 3.9% during the third quarter. Private Advisor Group LLC now owns 31,568 shares of the company’s stock worth $2,641,000 after purchasing an additional 1,199 shares during the period. Finally, SG Americas Securities LLC bought a new position in iShares Convertible Bond ETF during the fourth quarter worth about $544,000.

iShares Convertible Bond ETF Stock Performance

BATS:ICVT opened at $87.77 on Monday. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18. The stock’s 50 day moving average price is $87.19 and its two-hundred day moving average price is $84.09.

iShares Convertible Bond ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be paid a $0.1406 dividend. The ex-dividend date of this dividend is 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.