Wetzel Investment Advisors Inc. Sells 333 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Wetzel Investment Advisors Inc. lowered its stake in iShares Convertible Bond ETF (BATS:ICVT) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 47,013 shares of the company’s stock after selling 333 shares during the quarter. iShares Convertible Bond ETF comprises 2.0% of Wetzel Investment Advisors Inc.’s investment portfolio, making the stock its 15th largest holding. Wetzel Investment Advisors Inc.’s holdings in iShares Convertible Bond ETF were worth $3,934,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ICVT. Acute Investment Advisory LLC acquired a new stake in shares of iShares Convertible Bond ETF in the 3rd quarter valued at about $2,595,000. Janney Montgomery Scott LLC boosted its holdings in iShares Convertible Bond ETF by 2.4% in the third quarter. Janney Montgomery Scott LLC now owns 41,381 shares of the company’s stock worth $3,462,000 after acquiring an additional 957 shares in the last quarter. Farther Finance Advisors LLC grew its stake in iShares Convertible Bond ETF by 5.0% in the third quarter. Farther Finance Advisors LLC now owns 8,071 shares of the company’s stock valued at $675,000 after acquiring an additional 385 shares during the period. CacheTech Inc. increased its holdings in shares of iShares Convertible Bond ETF by 4.9% during the third quarter. CacheTech Inc. now owns 161,221 shares of the company’s stock valued at $13,489,000 after acquiring an additional 7,595 shares in the last quarter. Finally, Lebenthal Global Advisors LLC increased its holdings in shares of iShares Convertible Bond ETF by 93.4% during the third quarter. Lebenthal Global Advisors LLC now owns 227,871 shares of the company’s stock valued at $19,066,000 after acquiring an additional 110,055 shares in the last quarter.

iShares Convertible Bond ETF Trading Down 0.0 %

Shares of ICVT opened at $83.78 on Monday. The business’s fifty day moving average is $82.72 and its 200 day moving average is $80.13. 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 firm also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a $0.1528 dividend. The ex-dividend date 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.