LGT Financial Advisors LLC Raises Stake in iShares Convertible Bond ETF (BATS:ICVT)

LGT Financial Advisors LLC boosted its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 45.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 526 shares of the company’s stock after acquiring an additional 164 shares during the period. LGT Financial Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $44,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Stokes Family Office LLC grew its position in shares of iShares Convertible Bond ETF by 3.8% in the 2nd quarter. Stokes Family Office LLC now owns 3,808 shares of the company’s stock valued at $299,000 after buying an additional 141 shares during the last quarter. Austin Private Wealth LLC grew its holdings in shares of iShares Convertible Bond ETF by 2.7% during the second quarter. Austin Private Wealth LLC now owns 5,693 shares of the company’s stock worth $448,000 after purchasing an additional 152 shares during the last quarter. Horst & Graben Wealth Management LLC increased its position in shares of iShares Convertible Bond ETF by 1.3% during the second quarter. Horst & Graben Wealth Management LLC now owns 11,977 shares of the company’s stock worth $942,000 after purchasing an additional 153 shares in the last quarter. Braun Bostich & Associates Inc. lifted its holdings in shares of iShares Convertible Bond ETF by 3.8% in the 3rd quarter. Braun Bostich & Associates Inc. now owns 4,198 shares of the company’s stock valued at $351,000 after purchasing an additional 155 shares during the last quarter. Finally, Capital Wealth Management LLC boosted its position in shares of iShares Convertible Bond ETF by 0.4% in the 3rd quarter. Capital Wealth Management LLC now owns 40,021 shares of the company’s stock valued at $3,349,000 after purchasing an additional 171 shares during the period.

iShares Convertible Bond ETF Stock Up 1.4 %

ICVT opened at $85.84 on Thursday. iShares Convertible Bond ETF has a 52 week low of $50.43 and a 52 week high of $58.18. The business’s 50 day moving average is $82.94 and its two-hundred day moving average is $80.28.

iShares Convertible Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a $0.1528 dividend. The ex-dividend date of this dividend was Tuesday, September 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.