Envestnet Asset Management Inc. Has $124.85 Million Holdings in iShares Convertible Bond ETF (BATS:ICVT)

Envestnet Asset Management Inc. increased its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 30.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,469,314 shares of the company’s stock after buying an additional 342,644 shares during the period. Envestnet Asset Management Inc. owned 0.06% of iShares Convertible Bond ETF worth $124,848,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in shares of iShares Convertible Bond ETF by 72.3% during the 4th quarter. Wells Fargo & Company MN now owns 1,139 shares of the company’s stock worth $97,000 after purchasing an additional 478 shares during the last quarter. PAX Financial Group LLC increased its position in iShares Convertible Bond ETF by 12.5% during the fourth quarter. PAX Financial Group LLC now owns 7,119 shares of the company’s stock worth $605,000 after buying an additional 790 shares during the last quarter. Arete Wealth Advisors LLC bought a new stake in iShares Convertible Bond ETF in the fourth quarter valued at approximately $449,000. OneAscent Financial Services LLC acquired a new stake in shares of iShares Convertible Bond ETF in the fourth quarter valued at approximately $747,000. Finally, Front Row Advisors LLC boosted its stake in shares of iShares Convertible Bond ETF by 12.9% during the 4th quarter. Front Row Advisors LLC now owns 2,952 shares of the company’s stock worth $251,000 after acquiring an additional 338 shares during the period.

iShares Convertible Bond ETF Stock Performance

ICVT opened at $79.52 on Tuesday. The stock’s fifty day simple moving average is $85.86 and its 200 day simple moving average is $85.85. iShares Convertible Bond ETF has a 1-year low of $75.97 and a 1-year high of $89.71.

iShares Convertible Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.1466 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from iShares Convertible Bond ETF’s previous dividend of $0.14.

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.