iShares Convertible Bond ETF (BATS:ICVT) Shares Purchased by Assetmark Inc.

Assetmark Inc. increased its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,371 shares of the company’s stock after purchasing an additional 4,728 shares during the period. Assetmark Inc.’s holdings in iShares Convertible Bond ETF were worth $22,039,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Icon Wealth Advisors LLC raised its position in shares of iShares Convertible Bond ETF by 4.9% during the 3rd quarter. Icon Wealth Advisors LLC now owns 3,048 shares of the company’s stock worth $255,000 after purchasing an additional 142 shares during the last quarter. LGT Financial Advisors LLC raised its holdings in iShares Convertible Bond ETF by 45.3% in the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock valued at $44,000 after acquiring an additional 164 shares during the last quarter. Spire Wealth Management raised its holdings in iShares Convertible Bond ETF by 56.9% in the 4th quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after acquiring an additional 164 shares during the last quarter. Keystone Financial Services raised its holdings in iShares Convertible Bond ETF by 5.6% in the 4th quarter. Keystone Financial Services now owns 3,226 shares of the company’s stock valued at $274,000 after acquiring an additional 170 shares during the last quarter. Finally, Ridgewood Investments LLC raised its holdings in iShares Convertible Bond ETF by 3.6% in the 4th quarter. Ridgewood Investments LLC now owns 6,800 shares of the company’s stock valued at $578,000 after acquiring an additional 238 shares during the last quarter.

iShares Convertible Bond ETF Trading Up 1.1 %

Shares of ICVT opened at $86.10 on Thursday. The stock has a fifty day moving average of $86.87 and a two-hundred day moving average of $85.35. iShares Convertible Bond ETF has a fifty-two week low of $50.43 and a fifty-two week high of $58.18.

iShares Convertible Bond ETF Increases Dividend

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

iShares Convertible Bond ETF Company 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.