D.A. Davidson & CO. Raises Position in iShares Convertible Bond ETF (BATS:ICVT)

D.A. Davidson & CO. lifted its stake in iShares Convertible Bond ETF (BATS:ICVT) by 23.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,229 shares of the company’s stock after acquiring an additional 3,627 shares during the quarter. D.A. Davidson & CO.’s holdings in iShares Convertible Bond ETF were worth $1,634,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Creative Planning boosted its holdings in iShares Convertible Bond ETF by 12.3% in the third quarter. Creative Planning now owns 3,325 shares of the company’s stock valued at $278,000 after purchasing an additional 363 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in iShares Convertible Bond ETF by 23.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,033 shares of the company’s stock valued at $343,000 after purchasing an additional 766 shares during the last quarter. SG Americas Securities LLC purchased a new position in iShares Convertible Bond ETF in the fourth quarter valued at about $544,000. JPMorgan Chase & Co. boosted its holdings in iShares Convertible Bond ETF by 32.6% in the third quarter. JPMorgan Chase & Co. now owns 228,239 shares of the company’s stock valued at $19,097,000 after purchasing an additional 56,149 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in iShares Convertible Bond ETF by 3.9% in the third quarter. Private Advisor Group LLC now owns 31,568 shares of the company’s stock valued at $2,641,000 after purchasing an additional 1,199 shares during the last quarter.

iShares Convertible Bond ETF Price Performance

Shares of ICVT opened at $87.34 on Friday. iShares Convertible Bond ETF has a one year low of $50.43 and a one year high of $58.18. The stock has a 50-day moving average price of $87.00 and a 200 day moving average price of $84.97.

iShares Convertible Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.1406 per share. 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.