Sigma Planning Corp Purchases Shares of 6,771 iShares Convertible Bond ETF (BATS:ICVT)

Sigma Planning Corp purchased a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,771 shares of the company’s stock, valued at approximately $566,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning raised its position in iShares Convertible Bond ETF by 12.3% during the 3rd quarter. Creative Planning now owns 3,325 shares of the company’s stock valued at $278,000 after purchasing an additional 363 shares during the last quarter. Private Advisor Group LLC raised its position in shares of iShares Convertible Bond ETF by 3.9% in the 3rd quarter. Private Advisor Group LLC now owns 31,568 shares of the company’s stock worth $2,641,000 after acquiring an additional 1,199 shares in the last quarter. Blair William & Co. IL raised its position in shares of iShares Convertible Bond ETF by 19.2% in the 1st quarter. Blair William & Co. IL now owns 2,790 shares of the company’s stock worth $223,000 after acquiring an additional 449 shares in the last quarter. Kades & Cheifetz LLC raised its position in shares of iShares Convertible Bond ETF by 3.7% in the 3rd quarter. Kades & Cheifetz LLC now owns 64,697 shares of the company’s stock worth $5,413,000 after acquiring an additional 2,328 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of iShares Convertible Bond ETF by 857.2% in the 2nd quarter. Bank of Montreal Can now owns 26,389 shares of the company’s stock worth $2,088,000 after acquiring an additional 23,632 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

Shares of BATS:ICVT opened at $86.27 on Friday. iShares Convertible Bond ETF has a 52-week low of $50.43 and a 52-week high of $58.18. The stock has a 50 day moving average price of $83.64 and a 200-day moving average price of $80.66.

iShares Convertible Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a $0.1528 dividend. The ex-dividend date was Tuesday, September 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.