Midwest Capital Advisors LLC Purchases New Position in iShares Convertible Bond ETF (BATS:ICVT)

Midwest Capital Advisors LLC purchased a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,553 shares of the company’s stock, valued at approximately $897,000. iShares Convertible Bond ETF comprises 0.7% of Midwest Capital Advisors LLC’s investment portfolio, making the stock its 25th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Icon Wealth Advisors LLC boosted its position in shares of iShares Convertible Bond ETF by 4.9% during the third quarter. Icon Wealth Advisors LLC now owns 3,048 shares of the company’s stock valued at $255,000 after buying an additional 142 shares during the last quarter. LGT Financial Advisors LLC lifted its stake in iShares Convertible Bond ETF by 45.3% during the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock valued at $44,000 after acquiring an additional 164 shares in the last quarter. Spire Wealth Management boosted its holdings in 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 acquiring an additional 164 shares during the last quarter. Keystone Financial Services grew its stake in shares of iShares Convertible Bond ETF by 5.6% in the 4th quarter. Keystone Financial Services now owns 3,226 shares of the company’s stock worth $274,000 after acquiring an additional 170 shares in the last quarter. Finally, Ridgewood Investments LLC grew its stake in shares of iShares Convertible Bond ETF by 3.6% in the 4th quarter. Ridgewood Investments LLC now owns 6,800 shares of the company’s stock worth $578,000 after acquiring an additional 238 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

ICVT opened at $87.34 on Monday. iShares Convertible Bond ETF has a fifty-two week low of $50.43 and a fifty-two week high of $58.18. The company’s 50-day moving average is $87.00 and its 200 day moving average is $85.02.

iShares Convertible Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a dividend of $0.1406 per share. The ex-dividend date was Monday, February 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.