Liberty Wealth Management LLC Has $365,000 Stock Holdings in iShares Convertible Bond ETF (BATS:ICVT)

Liberty Wealth Management LLC boosted its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 37.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,406 shares of the company’s stock after acquiring an additional 1,192 shares during the period. Liberty Wealth Management LLC’s holdings in iShares Convertible Bond ETF were worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. PSI Advisors LLC bought a new stake in shares of iShares Convertible Bond ETF in the 4th quarter valued at $29,000. Spire Wealth Management grew its position in iShares Convertible Bond ETF by 56.9% during the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after buying an additional 164 shares during the period. Endeavor Private Wealth Inc. bought a new position in iShares Convertible Bond ETF during the fourth quarter valued at about $45,000. Elevation Wealth Partners LLC boosted its position in iShares Convertible Bond ETF by 42.6% during the fourth quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock worth $76,000 after purchasing an additional 268 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in iShares Convertible Bond ETF during the fourth quarter worth about $118,000.

iShares Convertible Bond ETF Stock Down 1.9 %

Shares of ICVT opened at $83.47 on Wednesday. iShares Convertible Bond ETF has a 1-year low of $50.43 and a 1-year high of $58.18. The firm’s 50 day simple moving average is $86.74 and its 200 day simple moving average is $85.47.

iShares Convertible Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.1466 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost 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.