Cypress Wealth Services LLC Acquires Shares of 2,642 iShares Convertible Bond ETF (BATS:ICVT)

Cypress Wealth Services LLC acquired a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,642 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ICVT. Assetmark Inc. boosted its holdings in shares of iShares Convertible Bond ETF by 293.8% during the 4th quarter. Assetmark Inc. now owns 1,562,320 shares of the company’s stock valued at $122,783,000 after acquiring an additional 1,165,563 shares during the last quarter. Financial Gravity Asset Management Inc. boosted its holdings in shares of iShares Convertible Bond ETF by 2,269.2% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 922,016 shares of the company’s stock valued at $68,423,000 after acquiring an additional 883,099 shares during the last quarter. Bank of Nova Scotia purchased a new stake in shares of iShares Convertible Bond ETF during the 3rd quarter valued at about $48,415,000. Advisory Alpha LLC boosted its holdings in shares of iShares Convertible Bond ETF by 2.0% during the 4th quarter. Advisory Alpha LLC now owns 403,028 shares of the company’s stock valued at $31,680,000 after acquiring an additional 7,712 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its holdings in shares of iShares Convertible Bond ETF by 11.4% during the 4th quarter. New York Life Investment Management LLC now owns 348,445 shares of the company’s stock valued at $27,384,000 after acquiring an additional 35,665 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT traded up $0.35 on Thursday, reaching $78.81. The company’s stock had a trading volume of 69,663 shares. The stock’s 50 day simple moving average is $78.18 and its two-hundred day simple moving average is $78.09. 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 disclosed a dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were issued a $0.1539 dividend. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, June 3rd.

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.