LPL Financial LLC Grows Position in iShares Convertible Bond ETF (BATS:ICVT)

LPL Financial LLC raised its position in iShares Convertible Bond ETF (BATS:ICVT) by 77.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 945,340 shares of the company’s stock after purchasing an additional 412,335 shares during the period. LPL Financial LLC’s holdings in iShares Convertible Bond ETF were worth $80,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ICVT. PSI Advisors LLC acquired a new stake in shares of iShares Convertible Bond ETF during the fourth quarter worth about $29,000. Spire Wealth Management lifted its position 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 acquiring an additional 164 shares during the period. Endeavor Private Wealth Inc. purchased a new position in shares of iShares Convertible Bond ETF in the 4th quarter valued at approximately $45,000. Elevation Wealth Partners LLC increased its holdings in shares of iShares Convertible Bond ETF by 42.6% in the fourth quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock valued at $76,000 after purchasing an additional 268 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in shares of iShares Convertible Bond ETF during the fourth quarter worth approximately $118,000.

iShares Convertible Bond ETF Stock Up 0.1 %

Shares of BATS ICVT opened at $85.24 on Thursday. The stock has a fifty day moving average price of $86.58 and a 200 day moving average price of $85.77. iShares Convertible Bond ETF has a 1-year low of $75.97 and a 1-year high of $89.71.

iShares Convertible Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.1466 dividend. The ex-dividend date was Monday, March 3rd. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.14.

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.