iShares Convertible Bond ETF (BATS:ICVT) Shares Bought by Cwm LLC

Cwm LLC boosted its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 102.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 62,110 shares of the company’s stock after buying an additional 31,407 shares during the period. Cwm LLC’s holdings in iShares Convertible Bond ETF were worth $4,881,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Spire Wealth Management lifted its holdings in iShares Convertible Bond ETF by 2.1% during the 3rd quarter. Spire Wealth Management now owns 6,987 shares of the company’s stock worth $519,000 after buying an additional 143 shares in the last quarter. Aspire Wealth Management Corp lifted its holdings in iShares Convertible Bond ETF by 0.4% during the 4th quarter. Aspire Wealth Management Corp now owns 37,178 shares of the company’s stock worth $2,922,000 after buying an additional 157 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in iShares Convertible Bond ETF by 100.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 348 shares of the company’s stock worth $26,000 after buying an additional 174 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in iShares Convertible Bond ETF by 10.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 1,984 shares of the company’s stock worth $156,000 after buying an additional 184 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in iShares Convertible Bond ETF by 91.0% during the 4th quarter. Blue Trust Inc. now owns 466 shares of the company’s stock worth $34,000 after buying an additional 222 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

Shares of BATS:ICVT opened at $77.33 on Wednesday. iShares Convertible Bond ETF has a 52 week low of $50.43 and a 52 week high of $58.18. The company’s 50 day moving average is $78.34 and its two-hundred day moving average is $76.39.

iShares Convertible Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a $0.1346 dividend. The ex-dividend date was Monday, April 1st. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.12.

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.