305 Shares in iShares Convertible Bond ETF (BATS:ICVT) Acquired by Wells Financial Advisors INC

Wells Financial Advisors INC bought a new stake in iShares Convertible Bond ETF (BATS:ICVT) in the 4th quarter, HoldingsChannel reports. The fund bought 305 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. boosted its holdings in iShares Convertible Bond ETF by 23.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,033 shares of the company’s stock worth $343,000 after acquiring an additional 766 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of iShares Convertible Bond ETF during the fourth quarter valued at $544,000. Truist Financial Corp raised its stake in iShares Convertible Bond ETF by 11.0% in the 4th quarter. Truist Financial Corp now owns 43,458 shares of the company’s stock worth $3,693,000 after acquiring an additional 4,300 shares during the last quarter. JPMorgan Chase & Co. lifted its position in iShares Convertible Bond ETF by 32.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 228,239 shares of the company’s stock worth $19,097,000 after acquiring an additional 56,149 shares during the period. Finally, Centerline Wealth Advisors LLC purchased a new stake in iShares Convertible Bond ETF during the 4th quarter valued at about $5,511,000.

iShares Convertible Bond ETF Price Performance

Shares of iShares Convertible Bond ETF stock opened at $85.90 on Wednesday. iShares Convertible Bond ETF has a 1 year low of $75.97 and a 1 year high of $89.71. The firm has a fifty day moving average price of $86.58 and a 200 day moving average price of $85.78.

iShares Convertible Bond ETF Increases Dividend

The business 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. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.14. The ex-dividend date was Monday, March 3rd.

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.