Private Advisor Group LLC Has $3.15 Million Stock Holdings in iShares Convertible Bond ETF (BATS:ICVT)

Private Advisor Group LLC raised its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 5.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,210 shares of the company’s stock after purchasing an additional 2,236 shares during the period. Private Advisor Group LLC owned 0.22% of iShares Convertible Bond ETF worth $3,147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ICVT. Creative Planning acquired a new stake in shares of iShares Convertible Bond ETF in the second quarter worth $231,000. Oppenheimer & Co. Inc. grew its stake in shares of iShares Convertible Bond ETF by 6.6% in the second quarter. Oppenheimer & Co. Inc. now owns 24,976 shares of the company’s stock worth $1,907,000 after acquiring an additional 1,551 shares during the last quarter. Front Row Advisors LLC grew its stake in shares of iShares Convertible Bond ETF by 8.7% in the first quarter. Front Row Advisors LLC now owns 3,120 shares of the company’s stock worth $227,000 after acquiring an additional 250 shares during the last quarter. Capital Advisory Group Advisory Services LLC lifted its position in iShares Convertible Bond ETF by 74.0% in the second quarter. Capital Advisory Group Advisory Services LLC now owns 13,307 shares of the company’s stock worth $1,016,000 after purchasing an additional 5,661 shares during the period. Finally, Baron Financial Group LLC lifted its position in iShares Convertible Bond ETF by 4.6% in the second quarter. Baron Financial Group LLC now owns 48,290 shares of the company’s stock worth $3,687,000 after purchasing an additional 2,145 shares during the period.

iShares Convertible Bond ETF Stock Up 0.5 %

Shares of ICVT stock opened at $73.76 on Tuesday. iShares Convertible Bond ETF has a one year low of $50.43 and a one year high of $58.18. The stock has a fifty day moving average price of $73.06 and a 200 day moving average price of $74.41.

iShares Convertible Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, October 6th. Investors of record on Tuesday, October 3rd were given a $0.12 dividend. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.08. The ex-dividend date was Monday, October 2nd.

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.