Financial Advocates Investment Management Sells 47,436 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Financial Advocates Investment Management lessened its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 93.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,363 shares of the company’s stock after selling 47,436 shares during the period. Financial Advocates Investment Management’s holdings in iShares Convertible Bond ETF were worth $286,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ICVT. PSI Advisors LLC purchased a new position in iShares Convertible Bond ETF during the 4th quarter worth $29,000. Spire Wealth Management grew its position in shares of 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 buying an additional 164 shares in the last quarter. LGT Financial Advisors LLC increased its stake in shares of iShares Convertible Bond ETF by 45.3% during the third quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock valued at $44,000 after buying an additional 164 shares during the period. Endeavor Private Wealth Inc. purchased a new position in shares of iShares Convertible Bond ETF during the fourth quarter valued at $45,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of iShares Convertible Bond ETF by 25.7% in the third quarter. First Horizon Advisors Inc. now owns 1,535 shares of the company’s stock valued at $129,000 after acquiring an additional 314 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

BATS ICVT opened at $87.80 on Monday. iShares Convertible Bond ETF has a one year low of $50.43 and a one year high of $58.18. The company’s 50-day simple moving average is $87.05 and its two-hundred day simple moving average is $84.35.

iShares Convertible Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a $0.1406 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

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.