SSI Investment Management LLC Grows Holdings in iShares Convertible Bond ETF (BATS:ICVT)

SSI Investment Management LLC boosted its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 20.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 76,075 shares of the company’s stock after purchasing an additional 12,656 shares during the period. SSI Investment Management LLC’s holdings in iShares Convertible Bond ETF were worth $6,365,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Blair William & Co. IL boosted its stake in shares of iShares Convertible Bond ETF by 19.2% during the 1st quarter. Blair William & Co. IL now owns 2,790 shares of the company’s stock worth $223,000 after acquiring an additional 449 shares in the last quarter. Advisors Asset Management Inc. increased its position in iShares Convertible Bond ETF by 4.7% during the first quarter. Advisors Asset Management Inc. now owns 6,267 shares of the company’s stock worth $500,000 after purchasing an additional 279 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of iShares Convertible Bond ETF during the 1st quarter worth $29,000. Ascent Group LLC raised its holdings in shares of iShares Convertible Bond ETF by 7.8% in the 1st quarter. Ascent Group LLC now owns 21,243 shares of the company’s stock worth $1,696,000 after purchasing an additional 1,529 shares during the period. Finally, Global Financial Private Client LLC raised its holdings in iShares Convertible Bond ETF by 44.7% in the first quarter. Global Financial Private Client LLC now owns 11,968 shares of the company’s stock valued at $953,000 after buying an additional 3,698 shares during the period.

iShares Convertible Bond ETF Stock Up 0.4 %

Shares of BATS:ICVT opened at $87.63 on Thursday. The company has a 50 day moving average of $84.18 and a two-hundred day moving average of $80.94. iShares Convertible Bond ETF has a 52-week low of $50.43 and a 52-week high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

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