Cwm LLC Raises Stock Position in iShares Convertible Bond ETF (BATS:ICVT)

Cwm LLC lifted its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 102.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,110 shares of the company’s stock after acquiring an additional 31,407 shares during the quarter. Cwm LLC owned approximately 0.34% of iShares Convertible Bond ETF worth $4,881,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Spire Wealth Management increased its position in shares of iShares Convertible Bond ETF by 2.1% during the third quarter. Spire Wealth Management now owns 6,987 shares of the company’s stock worth $519,000 after acquiring an additional 143 shares during the period. Aspire Wealth Management Corp increased its holdings in iShares Convertible Bond ETF by 0.4% during the fourth quarter. Aspire Wealth Management Corp now owns 37,178 shares of the company’s stock valued at $2,922,000 after buying an additional 157 shares during the period. Cary Street Partners Investment Advisory LLC increased its holdings in iShares Convertible Bond ETF by 100.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 348 shares of the company’s stock valued at $26,000 after buying an additional 174 shares during the period. Harbor Investment Advisory LLC increased its holdings in iShares Convertible Bond ETF by 10.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 1,984 shares of the company’s stock valued at $156,000 after buying an additional 184 shares during the period. Finally, Blue Trust Inc. increased its holdings in iShares Convertible Bond ETF by 91.0% during the fourth quarter. Blue Trust Inc. now owns 466 shares of the company’s stock valued at $34,000 after buying an additional 222 shares during the period.

iShares Convertible Bond ETF Price Performance

Shares of ICVT stock opened at $77.33 on Wednesday. The company’s 50 day moving average is $78.34 and its 200 day moving average is $76.39. iShares Convertible Bond ETF has a 52-week low of $50.43 and a 52-week high of $58.18.

iShares Convertible Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.1346 per share. This is a positive change from iShares Convertible Bond ETF’s previous dividend of $0.12. The ex-dividend date was Monday, April 1st.

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.