iShares Convertible Bond ETF (BATS:ICVT) Stake Raised by CacheTech Inc.

CacheTech Inc. increased its stake in iShares Convertible Bond ETF (BATS:ICVT) by 4.9% in the third quarter, HoldingsChannel.com reports. The firm owned 161,221 shares of the company’s stock after acquiring an additional 7,595 shares during the quarter. iShares Convertible Bond ETF accounts for 2.9% of CacheTech Inc.’s portfolio, making the stock its 7th largest position. CacheTech Inc.’s holdings in iShares Convertible Bond ETF were worth $13,489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Advisors Preferred LLC purchased a new position in shares of iShares Convertible Bond ETF in the first quarter valued at $26,000. EverSource Wealth Advisors LLC increased its holdings in iShares Convertible Bond ETF by 210.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock valued at $26,000 after acquiring an additional 219 shares in the last quarter. LRI Investments LLC acquired a new position in iShares Convertible Bond ETF during the first quarter worth about $29,000. LGT Financial Advisors LLC lifted its holdings in shares of iShares Convertible Bond ETF by 336.1% in the second quarter. LGT Financial Advisors LLC now owns 362 shares of the company’s stock valued at $29,000 after purchasing an additional 279 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of iShares Convertible Bond ETF in the second quarter valued at about $33,000.

iShares Convertible Bond ETF Price Performance

Shares of ICVT opened at $83.78 on Friday. iShares Convertible Bond ETF has a 1-year low of $50.43 and a 1-year high of $58.18. The firm has a 50 day simple moving average of $82.67 and a 200-day simple moving average of $80.04.

iShares Convertible Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.1528 per share. The ex-dividend date was Tuesday, September 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.