BCGM Wealth Management LLC Acquires 2,350 Shares of iShares Convertible Bond ETF (BATS:ICVT)

BCGM Wealth Management LLC lifted its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 55.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,598 shares of the company’s stock after acquiring an additional 2,350 shares during the period. BCGM Wealth Management LLC’s holdings in iShares Convertible Bond ETF were worth $561,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ICVT. Icon Wealth Advisors LLC lifted its stake in iShares Convertible Bond ETF by 4.9% in the 3rd quarter. Icon Wealth Advisors LLC now owns 3,048 shares of the company’s stock valued at $255,000 after purchasing an additional 142 shares during the last quarter. LGT Financial Advisors LLC increased its position 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. Spire Wealth Management increased its position 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. Keystone Financial Services increased its position in shares of iShares Convertible Bond ETF by 5.6% during the fourth quarter. Keystone Financial Services now owns 3,226 shares of the company’s stock worth $274,000 after buying an additional 170 shares during the period. Finally, Ridgewood Investments LLC increased its position in shares of iShares Convertible Bond ETF by 3.6% during the fourth quarter. Ridgewood Investments LLC now owns 6,800 shares of the company’s stock worth $578,000 after buying an additional 238 shares during the period.

iShares Convertible Bond ETF Stock Up 2.6 %

ICVT opened at $87.34 on Monday. iShares Convertible Bond ETF has a 1-year low of $50.43 and a 1-year high of $58.18. The company has a fifty day moving average price of $87.00 and a two-hundred day moving average price of $85.02.

iShares Convertible Bond ETF Cuts Dividend

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