iShares Convertible Bond ETF (BATS:ICVT) is Prestige Wealth Management Group LLC’s 3rd Largest Position

Prestige Wealth Management Group LLC lifted its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 323,880.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 314,261 shares of the company’s stock after purchasing an additional 314,164 shares during the quarter. iShares Convertible Bond ETF makes up 8.3% of Prestige Wealth Management Group LLC’s portfolio, making the stock its 3rd largest position. Prestige Wealth Management Group LLC’s holdings in iShares Convertible Bond ETF were worth $26,703,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. grew its position in shares of iShares Convertible Bond ETF by 23.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,033 shares of the company’s stock valued at $343,000 after purchasing an additional 766 shares in the last quarter. SG Americas Securities LLC purchased a new position in iShares Convertible Bond ETF during the fourth quarter worth about $544,000. Truist Financial Corp grew its position 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. raised its holdings in shares of iShares Convertible Bond ETF by 32.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,239 shares of the company’s stock valued at $19,097,000 after acquiring an additional 56,149 shares in the last quarter. Finally, Centerline Wealth Advisors LLC purchased a new stake in shares of iShares Convertible Bond ETF in the 4th quarter valued at about $5,511,000.

iShares Convertible Bond ETF Price Performance

Shares of BATS ICVT opened at $85.93 on Tuesday. The business has a 50-day moving average of $86.56 and a 200-day moving average of $85.73. iShares Convertible Bond ETF has a 12 month low of $75.97 and a 12 month high of $89.71.

iShares Convertible Bond ETF Increases Dividend

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

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.