Transamerica Financial Advisors Inc. Sells 311 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Transamerica Financial Advisors Inc. trimmed its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 5.8% in the fourth quarter, HoldingsChannel reports. The firm owned 5,012 shares of the company’s stock after selling 311 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in iShares Convertible Bond ETF were worth $426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC boosted its holdings in shares of iShares Convertible Bond ETF by 77.4% during the 4th quarter. LPL Financial LLC now owns 945,340 shares of the company’s stock worth $80,326,000 after buying an additional 412,335 shares during the period. New York Life Investment Management LLC boosted its holdings in shares of iShares Convertible Bond ETF by 3.1% during the fourth quarter. New York Life Investment Management LLC now owns 492,630 shares of the company’s stock worth $41,859,000 after acquiring an additional 14,762 shares during the period. Greenleaf Trust grew its position in shares of iShares Convertible Bond ETF by 2.7% in the fourth quarter. Greenleaf Trust now owns 430,412 shares of the company’s stock valued at $36,572,000 after purchasing an additional 11,363 shares during the last quarter. Lebenthal Global Advisors LLC increased its stake in shares of iShares Convertible Bond ETF by 83.6% during the fourth quarter. Lebenthal Global Advisors LLC now owns 418,271 shares of the company’s stock worth $35,540,000 after purchasing an additional 190,400 shares during the period. Finally, Ocean Park Asset Management LLC boosted its stake in iShares Convertible Bond ETF by 32.8% in the 4th quarter. Ocean Park Asset Management LLC now owns 356,700 shares of the company’s stock valued at $30,309,000 after purchasing an additional 88,100 shares during the period.

iShares Convertible Bond ETF Trading Down 1.3 %

ICVT stock opened at $84.00 on Friday. iShares Convertible Bond ETF has a fifty-two week low of $75.97 and a fifty-two week high of $89.71. The business’s fifty day moving average price is $86.50 and its two-hundred day moving average price is $85.84.

iShares Convertible Bond ETF Increases Dividend

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