Spectrum Wealth Counsel LLC Boosts Stock Position in iShares Convertible Bond ETF (BATS:ICVT)

Spectrum Wealth Counsel LLC increased its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 87.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,582 shares of the company’s stock after purchasing an additional 2,133 shares during the quarter. Spectrum Wealth Counsel LLC’s holdings in iShares Convertible Bond ETF were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PSI Advisors LLC purchased a new stake in iShares Convertible Bond ETF in the 4th quarter valued at about $29,000. Spire Wealth Management grew its holdings in iShares Convertible Bond ETF by 56.9% in the 4th quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after buying an additional 164 shares during the period. LGT Financial Advisors LLC grew its holdings in iShares Convertible Bond ETF by 45.3% in the 3rd 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 stake in iShares Convertible Bond ETF in the 4th quarter valued at about $45,000. Finally, Elevation Wealth Partners LLC grew its holdings in iShares Convertible Bond ETF by 42.6% in the 4th quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock valued at $76,000 after buying an additional 268 shares during the period.

iShares Convertible Bond ETF Stock Performance

ICVT opened at $86.35 on Friday. The business has a 50-day moving average of $86.89 and a two-hundred day moving average of $85.14. iShares Convertible Bond ETF has a 12 month low of $50.43 and a 12 month high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

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

iShares Convertible Bond ETF Company 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.