Concorde Asset Management LLC Buys Shares of 2,694 iShares Convertible Bond ETF (BATS:ICVT)

Concorde Asset Management LLC purchased a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) during the fourth quarter, HoldingsChannel reports. The fund purchased 2,694 shares of the company’s stock, valued at approximately $229,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wells Financial Advisors INC acquired a new stake in iShares Convertible Bond ETF during the 4th quarter worth $26,000. PSI Advisors LLC bought a new stake in shares of iShares Convertible Bond ETF in the fourth quarter worth about $29,000. Spire Wealth Management raised its position in shares of iShares Convertible Bond ETF by 56.9% during the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock worth $38,000 after purchasing an additional 164 shares during the period. Endeavor Private Wealth Inc. bought a new position in shares of iShares Convertible Bond ETF during the 4th quarter valued at about $45,000. Finally, Franklin Resources Inc. acquired a new position in shares of iShares Convertible Bond ETF in the 4th quarter valued at approximately $62,000.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT stock opened at $80.77 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 moving average price is $85.13 and its two-hundred day moving average price is $85.73.

iShares Convertible Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.1466 per share. This is a positive change from iShares Convertible Bond ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, March 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.