iShares Convertible Bond ETF (BATS:ICVT) Stock Holdings Lessened by Wedbush Securities Inc.

Wedbush Securities Inc. cut its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,222 shares of the company’s stock after selling 186 shares during the quarter. Wedbush Securities Inc.’s holdings in iShares Convertible Bond ETF were worth $444,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. MML Investors Services LLC raised its holdings in shares of iShares Convertible Bond ETF by 0.3% during the third quarter. MML Investors Services LLC now owns 105,378 shares of the company’s stock valued at $8,817,000 after acquiring an additional 320 shares during the period. High Falls Advisors Inc lifted its holdings in shares of iShares Convertible Bond ETF by 7.7% in the third quarter. High Falls Advisors Inc now owns 4,211 shares of the company’s stock valued at $352,000 after purchasing an additional 301 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of iShares Convertible Bond ETF by 9.4% in the third quarter. Sanctuary Advisors LLC now owns 61,751 shares of the company’s stock valued at $5,469,000 after purchasing an additional 5,320 shares in the last quarter. Synovus Financial Corp acquired a new stake in shares of iShares Convertible Bond ETF in the third quarter worth $224,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of iShares Convertible Bond ETF by 32.6% during the third quarter. JPMorgan Chase & Co. now owns 228,239 shares of the company’s stock valued at $19,097,000 after buying an additional 56,149 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

Shares of iShares Convertible Bond ETF stock opened at $78.97 on Wednesday. iShares Convertible Bond ETF has a 1 year low of $75.97 and a 1 year high of $89.71. The stock has a 50-day moving average price of $85.52 and a 200 day moving average price of $85.80.

iShares Convertible Bond ETF Increases Dividend

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