Centerline Wealth Advisors LLC Buys New Stake in iShares Convertible Bond ETF (BATS:ICVT)

Centerline Wealth Advisors LLC acquired a new stake in iShares Convertible Bond ETF (BATS:ICVT) in the 4th quarter, Holdings Channel reports. The fund acquired 64,838 shares of the company’s stock, valued at approximately $5,511,000. iShares Convertible Bond ETF comprises approximately 3.2% of Centerline Wealth Advisors LLC’s investment portfolio, making the stock its 13th largest position.

Other hedge funds also recently made changes to their positions in the company. PSI Advisors LLC purchased a new position in shares of iShares Convertible Bond ETF during the fourth quarter worth about $29,000. Spire Wealth Management boosted its stake in shares of iShares Convertible Bond ETF by 56.9% during the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock worth $38,000 after buying an additional 164 shares during the period. LGT Financial Advisors LLC boosted its stake in shares of iShares Convertible Bond ETF by 45.3% during the third quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after buying an additional 164 shares during the period. Endeavor Private Wealth Inc. acquired a new stake in shares of iShares Convertible Bond ETF during the fourth quarter worth about $45,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of iShares Convertible Bond ETF by 25.7% during the third quarter. First Horizon Advisors Inc. now owns 1,535 shares of the company’s stock worth $129,000 after buying an additional 314 shares during the period.

iShares Convertible Bond ETF Trading Up 3.1 %

Shares of ICVT opened at $87.81 on Friday. iShares Convertible Bond ETF has a fifty-two week low of $50.43 and a fifty-two week high of $58.18. The firm has a 50-day simple moving average of $87.08 and a 200-day simple moving average of $84.24.

iShares Convertible Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.1406 per share. The ex-dividend date 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.