iShares Convertible Bond ETF (BATS:ICVT) Shares Sold by Key Financial Inc

Key Financial Inc lowered its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 1.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,450 shares of the company’s stock after selling 353 shares during the period. Key Financial Inc’s holdings in iShares Convertible Bond ETF were worth $1,764,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Archer Investment Corp grew its holdings in iShares Convertible Bond ETF by 6.6% during the 4th quarter. Archer Investment Corp now owns 11,113 shares of the company’s stock worth $873,000 after acquiring an additional 689 shares in the last quarter. Aire Advisors LLC lifted its position in shares of iShares Convertible Bond ETF by 0.8% during the 4th quarter. Aire Advisors LLC now owns 123,974 shares of the company’s stock worth $9,755,000 after buying an additional 1,017 shares during the last quarter. Outlook Wealth Advisors LLC purchased a new stake in shares of iShares Convertible Bond ETF during the 4th quarter worth approximately $926,000. Harbor Investment Advisory LLC lifted its position in shares of iShares Convertible Bond ETF by 10.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 1,984 shares of the company’s stock worth $156,000 after buying an additional 184 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of iShares Convertible Bond ETF during the 4th quarter worth approximately $1,235,000.

iShares Convertible Bond ETF Stock Down 0.1 %

Shares of BATS:ICVT traded down $0.11 during trading on Wednesday, hitting $76.61. 882,152 shares of the company were exchanged. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18. The firm’s 50 day moving average price is $78.49 and its 200-day moving average price is $76.30.

iShares Convertible Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.1346 per share. The ex-dividend date of this dividend was Monday, April 1st. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.12.

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.