Sovran Advisors LLC Buys Shares of 2,771 iShares Convertible Bond ETF (BATS:ICVT)

Sovran Advisors LLC acquired a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,771 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ICVT. Focus Financial Network Inc. lifted its position in shares of iShares Convertible Bond ETF by 25.3% in the 4th quarter. Focus Financial Network Inc. now owns 3,501 shares of the company’s stock valued at $298,000 after acquiring an additional 708 shares in the last quarter. Ocean Park Asset Management LLC boosted its holdings in shares of iShares Convertible Bond ETF by 32.8% during the fourth quarter. Ocean Park Asset Management LLC now owns 356,700 shares of the company’s stock worth $30,309,000 after purchasing an additional 88,100 shares during the period. Cornerstone Planning Group LLC boosted its holdings in shares of iShares Convertible Bond ETF by 0.5% during the fourth quarter. Cornerstone Planning Group LLC now owns 163,761 shares of the company’s stock worth $14,260,000 after purchasing an additional 764 shares during the period. Elevation Wealth Partners LLC boosted its holdings in shares of 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 period. Finally, Golden State Wealth Management LLC purchased a new position in iShares Convertible Bond ETF during the fourth quarter valued at approximately $118,000.

iShares Convertible Bond ETF Trading Up 4.1 %

iShares Convertible Bond ETF stock opened at $88.64 on Friday. The firm’s 50 day moving average price is $87.00 and its two-hundred day moving average price is $84.50. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18.

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 paid a $0.1406 dividend. The ex-dividend date of this dividend 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.