Independent Wealth Network Inc. Purchases 1,032 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Independent Wealth Network Inc. increased its position in iShares Convertible Bond ETF (BATS:ICVT) by 23.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,504 shares of the company’s stock after purchasing an additional 1,032 shares during the quarter. Independent Wealth Network Inc.’s holdings in iShares Convertible Bond ETF were worth $420,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of iShares Convertible Bond ETF during the first quarter worth approximately $25,000. ICA Group Wealth Management LLC acquired a new stake in shares of iShares Convertible Bond ETF during the fourth quarter worth $31,000. Heritage Wealth Management LLC boosted its holdings in iShares Convertible Bond ETF by 116.5% in the 4th quarter. Heritage Wealth Management LLC now owns 524 shares of the company’s stock valued at $36,000 after purchasing an additional 282 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of iShares Convertible Bond ETF during the 1st quarter worth approximately $40,000. Finally, Resurgent Financial Advisors LLC bought a new position in shares of iShares Convertible Bond ETF during the fourth quarter worth approximately $41,000.

iShares Convertible Bond ETF Trading Down 0.3 %

BATS:ICVT traded down $0.20 during trading hours on Tuesday, reaching $75.05. 108,642 shares of the company were exchanged. The business has a 50 day moving average of $76.29 and a 200 day moving average of $74.05. iShares Convertible Bond ETF has a 1-year low of $50.43 and a 1-year high of $58.18.

iShares Convertible Bond ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, July 10th. Investors of record on Wednesday, July 5th were given a dividend of $0.0785 per share. The ex-dividend date was Monday, July 3rd.

iShares Convertible Bond ETF 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.