Wetzel Investment Advisors Inc. Takes $3.62 Million Position in iShares Convertible Bond ETF (BATS:ICVT)

Wetzel Investment Advisors Inc. purchased a new stake in iShares Convertible Bond ETF (BATS:ICVT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 46,095 shares of the company’s stock, valued at approximately $3,623,000. iShares Convertible Bond ETF makes up about 2.2% of Wetzel Investment Advisors Inc.’s investment portfolio, making the stock its 8th biggest holding.

Other large investors have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC increased its holdings in iShares Convertible Bond ETF by 100.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 348 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares in the last quarter. ICA Group Wealth Management LLC purchased a new position in iShares Convertible Bond ETF during the 4th quarter valued at about $31,000. Blue Trust Inc. increased its holdings in iShares Convertible Bond ETF by 91.0% during the 4th quarter. Blue Trust Inc. now owns 466 shares of the company’s stock valued at $34,000 after acquiring an additional 222 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new position in iShares Convertible Bond ETF during the 4th quarter valued at about $41,000. Finally, AdvisorNet Financial Inc increased its holdings in iShares Convertible Bond ETF by 122.0% during the 4th quarter. AdvisorNet Financial Inc now owns 606 shares of the company’s stock valued at $48,000 after acquiring an additional 333 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

BATS:ICVT traded down $0.38 during mid-day trading on Friday, hitting $76.13. 235,431 shares of the company’s stock traded hands. The firm’s 50 day simple moving average is $78.39 and its 200 day simple moving average is $76.32. iShares Convertible Bond ETF has a 1 year low of $50.43 and a 1 year high of $58.18.

iShares Convertible Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued 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.