Mosley Wealth Management Grows Stock Position in iShares Convertible Bond ETF (BATS:ICVT)

Mosley Wealth Management lifted its stake in iShares Convertible Bond ETF (BATS:ICVT) by 34.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,181 shares of the company’s stock after acquiring an additional 1,579 shares during the quarter. Mosley Wealth Management’s holdings in iShares Convertible Bond ETF were worth $540,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. boosted its position in iShares Convertible Bond ETF by 23.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,033 shares of the company’s stock worth $343,000 after purchasing an additional 766 shares in the last quarter. SG Americas Securities LLC purchased a new stake in iShares Convertible Bond ETF during the fourth quarter worth $544,000. Truist Financial Corp boosted its holdings in iShares Convertible Bond ETF by 11.0% during the fourth quarter. Truist Financial Corp now owns 43,458 shares of the company’s stock worth $3,693,000 after buying an additional 4,300 shares in the last quarter. JPMorgan Chase & Co. grew its position in iShares Convertible Bond ETF by 32.6% during the third quarter. JPMorgan Chase & Co. now owns 228,239 shares of the company’s stock valued at $19,097,000 after buying an additional 56,149 shares during the period. Finally, Centerline Wealth Advisors LLC purchased a new position in iShares Convertible Bond ETF in the fourth quarter valued at $5,511,000.

iShares Convertible Bond ETF Price Performance

ICVT stock opened at $85.01 on Friday. iShares Convertible Bond ETF has a 52-week low of $75.97 and a 52-week high of $89.71. The company’s 50-day simple moving average is $86.53 and its 200-day simple moving average is $85.65.

iShares Convertible Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1466 per share. The ex-dividend date was Monday, March 3rd. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.14.

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.