Bank of New York Mellon Corp Buys 21,511 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Bank of New York Mellon Corp grew its stake in iShares Convertible Bond ETF (BATS:ICVT) by 48.9% during the 4th quarter, HoldingsChannel reports. The fund owned 65,496 shares of the company’s stock after purchasing an additional 21,511 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares Convertible Bond ETF were worth $5,565,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ICVT. Lebenthal Global Advisors LLC boosted its holdings in iShares Convertible Bond ETF by 83.6% in the fourth quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock worth $35,540,000 after acquiring an additional 190,400 shares in the last quarter. Insight Wealth Strategies LLC bought a new stake in iShares Convertible Bond ETF in the fourth quarter worth $10,815,000. Redhawk Wealth Advisors Inc. bought a new stake in iShares Convertible Bond ETF in the fourth quarter worth $9,321,000. Ocean Park Asset Management LLC boosted its holdings in iShares Convertible Bond ETF by 32.8% in the fourth quarter. Ocean Park Asset Management LLC now owns 356,700 shares of the company’s stock worth $30,309,000 after acquiring an additional 88,100 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its holdings in iShares Convertible Bond ETF by 1,283.1% in the fourth quarter. Onyx Bridge Wealth Group LLC now owns 90,194 shares of the company’s stock worth $7,664,000 after acquiring an additional 83,673 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

iShares Convertible Bond ETF stock opened at $84.38 on Monday. The business’s fifty day simple moving average is $86.64 and its two-hundred day simple moving average is $85.55. 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 firm also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders 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 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.