IFP Advisors Inc Sells 585 Shares of iShares Convertible Bond ETF (BATS:ICVT)

IFP Advisors Inc decreased its stake in iShares Convertible Bond ETF (BATS:ICVT) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,415 shares of the company’s stock after selling 585 shares during the quarter. IFP Advisors Inc’s holdings in iShares Convertible Bond ETF were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. WealthShield Partners LLC lifted its stake in iShares Convertible Bond ETF by 41.6% in the fourth quarter. WealthShield Partners LLC now owns 7,693 shares of the company’s stock valued at $654,000 after buying an additional 2,262 shares during the period. Midwest Capital Advisors LLC acquired a new position in iShares Convertible Bond ETF in the fourth quarter valued at about $897,000. BCGM Wealth Management LLC lifted its stake in iShares Convertible Bond ETF by 55.3% in the fourth quarter. BCGM Wealth Management LLC now owns 6,598 shares of the company’s stock valued at $561,000 after buying an additional 2,350 shares during the period. Howard Capital Management Inc. lifted its stake in iShares Convertible Bond ETF by 5.2% in the fourth quarter. Howard Capital Management Inc. now owns 337,900 shares of the company’s stock valued at $28,711,000 after buying an additional 16,800 shares during the period. Finally, First Horizon Advisors Inc. lifted its stake in iShares Convertible Bond ETF by 49.2% in the fourth quarter. First Horizon Advisors Inc. now owns 2,290 shares of the company’s stock valued at $195,000 after buying an additional 755 shares during the period.

iShares Convertible Bond ETF Price Performance

BATS:ICVT opened at $86.35 on Friday. iShares Convertible Bond ETF has a 1-year low of $50.43 and a 1-year high of $58.18. The business’s 50-day moving average price is $86.91 and its two-hundred day moving average price is $85.19.

iShares Convertible Bond ETF Increases Dividend

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