Nomura Asset Management Co. Ltd. Has $14.84 Million Holdings in iShares Convertible Bond ETF (BATS:ICVT)

Nomura Asset Management Co. Ltd. trimmed its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,636 shares of the company’s stock after selling 17,900 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.72% of iShares Convertible Bond ETF worth $14,839,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tidemark LLC lifted its stake in iShares Convertible Bond ETF by 1.3% in the 4th quarter. Tidemark LLC now owns 11,024 shares of the company’s stock valued at $937,000 after acquiring an additional 139 shares in the last quarter. Icon Wealth Advisors LLC lifted its position in shares of iShares Convertible Bond ETF by 4.9% in the third quarter. Icon Wealth Advisors LLC now owns 3,048 shares of the company’s stock worth $255,000 after purchasing an additional 142 shares in the last quarter. Spire Wealth Management lifted its position in shares of iShares Convertible Bond ETF by 56.9% in the fourth 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. Keystone Financial Services boosted its holdings in iShares Convertible Bond ETF by 5.6% during the fourth quarter. Keystone Financial Services now owns 3,226 shares of the company’s stock worth $274,000 after purchasing an additional 170 shares during the last quarter. Finally, Ridgewood Investments LLC grew its position in iShares Convertible Bond ETF by 3.6% in the fourth quarter. Ridgewood Investments LLC now owns 6,800 shares of the company’s stock valued at $578,000 after purchasing an additional 238 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

Shares of BATS:ICVT opened at $84.00 on Monday. The company’s 50-day moving average price is $86.50 and its two-hundred day moving average price is $85.88. iShares Convertible Bond ETF has a one year low of $75.97 and a one year high of $89.71.

iShares Convertible Bond ETF Increases Dividend

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