1832 Asset Management L.P. Raises Stake in iShares Convertible Bond ETF (BATS:ICVT)

1832 Asset Management L.P. boosted its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 162.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 729,587 shares of the company’s stock after buying an additional 452,039 shares during the quarter. 1832 Asset Management L.P.’s holdings in iShares Convertible Bond ETF were worth $57,367,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. 360 Financial Inc. lifted its position in shares of iShares Convertible Bond ETF by 47.9% during the 4th quarter. 360 Financial Inc. now owns 95,330 shares of the company’s stock valued at $7,492,000 after buying an additional 30,885 shares during the last quarter. Pettinga Financial Advisors LLC purchased a new stake in iShares Convertible Bond ETF during the first quarter valued at about $351,000. Blair William & Co. IL boosted its position in iShares Convertible Bond ETF by 19.2% during the first quarter. Blair William & Co. IL now owns 2,790 shares of the company’s stock worth $223,000 after purchasing an additional 449 shares during the period. Park Avenue Securities LLC increased its stake in shares of iShares Convertible Bond ETF by 15.7% in the second quarter. Park Avenue Securities LLC now owns 55,917 shares of the company’s stock worth $4,397,000 after purchasing an additional 7,599 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of iShares Convertible Bond ETF by 3.3% in the first quarter. Oppenheimer & Co. Inc. now owns 25,551 shares of the company’s stock valued at $2,040,000 after purchasing an additional 827 shares during the period.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT stock opened at $82.49 on Monday. The firm’s 50 day moving average is $80.18 and its 200 day moving average is $79.05. iShares Convertible Bond ETF has a 12 month low of $50.43 and a 12 month high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

The business also recently declared 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 of this dividend was Tuesday, September 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.