New York Life Investment Management LLC Grows Stock Position in iShares Convertible Bond ETF (BATS:ICVT)

New York Life Investment Management LLC boosted its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 11.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 348,445 shares of the company’s stock after buying an additional 35,665 shares during the quarter. New York Life Investment Management LLC’s holdings in iShares Convertible Bond ETF were worth $27,384,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC raised 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 buying an additional 174 shares during the period. Blue Trust Inc. raised 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 buying an additional 222 shares during the period. AdvisorNet Financial Inc raised 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 buying an additional 333 shares during the period. WealthShield Partners LLC raised its holdings in iShares Convertible Bond ETF by 265.6% during the 3rd quarter. WealthShield Partners LLC now owns 892 shares of the company’s stock valued at $66,000 after buying an additional 648 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in iShares Convertible Bond ETF by 250.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,890 shares of the company’s stock valued at $146,000 after buying an additional 1,350 shares during the period.

iShares Convertible Bond ETF Stock Performance

BATS:ICVT traded down $0.33 during midday trading on Wednesday, hitting $76.71. 549,860 shares of the company traded hands. The firm’s fifty day moving average is $78.23 and its 200-day moving average is $76.56. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18.

iShares Convertible Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a $0.1346 dividend. This is a positive change from iShares Convertible Bond ETF’s previous dividend of $0.12. The ex-dividend date was Monday, April 1st.

About iShares Convertible Bond ETF

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.