C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Raises Position in iShares Convertible Bond ETF (BATS:ICVT)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in iShares Convertible Bond ETF (BATS:ICVT) by 80.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,309 shares of the company’s stock after purchasing an additional 5,932 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned 0.05% of iShares Convertible Bond ETF worth $1,131,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ICVT. PSI Advisors LLC purchased a new stake in shares of iShares Convertible Bond ETF in the fourth quarter worth approximately $29,000. Spire Wealth Management raised its stake in shares of iShares Convertible Bond ETF by 56.9% in the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock worth $38,000 after purchasing an additional 164 shares during the last quarter. LGT Financial Advisors LLC raised its stake in shares of iShares Convertible Bond ETF by 45.3% in the third quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after purchasing an additional 164 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new stake in shares of iShares Convertible Bond ETF in the fourth quarter worth approximately $45,000. Finally, Elevation Wealth Partners LLC raised its stake in shares of iShares Convertible Bond ETF by 42.6% in the fourth quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock worth $76,000 after purchasing an additional 268 shares during the last quarter.

iShares Convertible Bond ETF Stock Up 4.8 %

ICVT stock opened at $89.24 on Wednesday. The business has a 50 day moving average of $86.99 and a 200-day moving average of $84.72. 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 announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a $0.1406 dividend. The ex-dividend date was Monday, February 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.