Alterna Wealth Management Inc. Grows Position in iShares Convertible Bond ETF (BATS:ICVT)

Alterna Wealth Management Inc. boosted its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 17.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,256 shares of the company’s stock after purchasing an additional 645 shares during the period. Alterna Wealth Management Inc.’s holdings in iShares Convertible Bond ETF were worth $356,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Advisors Preferred LLC purchased a new position in shares of iShares Convertible Bond ETF in the 1st quarter worth $26,000. EverSource Wealth Advisors LLC raised its holdings in shares of iShares Convertible Bond ETF by 210.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares during the period. LRI Investments LLC acquired a new position in shares of iShares Convertible Bond ETF in the 1st quarter valued at about $29,000. LGT Financial Advisors LLC grew its holdings in shares of iShares Convertible Bond ETF by 336.1% during the 2nd quarter. LGT Financial Advisors LLC now owns 362 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in iShares Convertible Bond ETF during the 2nd quarter worth approximately $33,000.

iShares Convertible Bond ETF Stock Performance

BATS ICVT opened at $83.90 on Tuesday. iShares Convertible Bond ETF has a one year low of $50.43 and a one year high of $58.18. The company’s 50 day moving average price is $82.78 and its 200 day moving average price is $80.19.

iShares Convertible Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a dividend of $0.1528 per share. The ex-dividend date was Tuesday, September 3rd.

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.