Alterna Wealth Management Inc. Sells 1,658 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Alterna Wealth Management Inc. cut its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 39.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,598 shares of the company’s stock after selling 1,658 shares during the period. Alterna Wealth Management Inc.’s holdings in iShares Convertible Bond ETF were worth $221,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ICVT. PSI Advisors LLC bought a new position in shares of iShares Convertible Bond ETF in the fourth quarter worth $29,000. Spire Wealth Management lifted its holdings in iShares Convertible Bond ETF by 56.9% during the 4th quarter. Spire Wealth Management now owns 452 shares of the company’s stock worth $38,000 after purchasing an additional 164 shares in the last quarter. LGT Financial Advisors LLC lifted its holdings in iShares Convertible Bond ETF by 45.3% during the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after purchasing an additional 164 shares in the last quarter. Endeavor Private Wealth Inc. bought a new position in iShares Convertible Bond ETF in the 4th quarter worth about $45,000. Finally, First Horizon Advisors Inc. grew its holdings in iShares Convertible Bond ETF by 25.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,535 shares of the company’s stock valued at $129,000 after buying an additional 314 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

Shares of iShares Convertible Bond ETF stock opened at $87.77 on Monday. The company’s 50-day moving average price is $87.19 and its 200-day moving average price is $84.09. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be issued a $0.1406 dividend. The ex-dividend date of this dividend is 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.