iShares Convertible Bond ETF (BATS:ICVT) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its stake in iShares Convertible Bond ETF (BATS:ICVT) by 77.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 945,340 shares of the company’s stock after buying an additional 412,335 shares during the quarter. LPL Financial LLC owned approximately 3.91% of iShares Convertible Bond ETF worth $80,326,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. New York Life Investment Management LLC raised its position in shares of iShares Convertible Bond ETF by 3.1% in the fourth quarter. New York Life Investment Management LLC now owns 492,630 shares of the company’s stock valued at $41,859,000 after buying an additional 14,762 shares during the last quarter. Greenleaf Trust grew its stake in iShares Convertible Bond ETF by 2.7% during the 4th quarter. Greenleaf Trust now owns 430,412 shares of the company’s stock valued at $36,572,000 after acquiring an additional 11,363 shares in the last quarter. Lebenthal Global Advisors LLC raised its holdings in iShares Convertible Bond ETF by 83.6% in the 4th quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock valued at $35,540,000 after acquiring an additional 190,400 shares during the last quarter. Ocean Park Asset Management LLC lifted its stake in iShares Convertible Bond ETF by 32.8% in the 4th 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 in the last quarter. Finally, Howard Capital Management Inc. boosted its holdings in shares of iShares Convertible Bond ETF by 5.2% during the 4th quarter. Howard Capital Management Inc. now owns 337,900 shares of the company’s stock worth $28,711,000 after purchasing an additional 16,800 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

ICVT stock opened at $85.24 on Thursday. iShares Convertible Bond ETF has a 1 year low of $75.97 and a 1 year high of $89.71. The business has a 50 day simple moving average of $86.58 and a 200-day simple moving average of $85.77.

iShares Convertible Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.1466 dividend. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.14. The ex-dividend date was Monday, March 3rd.

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.