Alterna Wealth Management Inc. Sells 1,658 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Alterna Wealth Management Inc. lessened its stake in iShares Convertible Bond ETF (BATS:ICVT) by 39.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,598 shares of the company’s stock after selling 1,658 shares during the period. Alterna Wealth Management Inc.’s holdings in iShares Convertible Bond ETF were worth $221,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. PSI Advisors LLC purchased a new position in iShares Convertible Bond ETF in the fourth quarter worth $29,000. Spire Wealth Management lifted its stake in iShares Convertible Bond ETF by 56.9% during the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock worth $38,000 after purchasing an additional 164 shares during the last quarter. LGT Financial Advisors LLC boosted its holdings in shares of iShares Convertible Bond ETF by 45.3% in the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after purchasing an additional 164 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new position in shares of iShares Convertible Bond ETF in the 4th quarter worth about $45,000. Finally, First Horizon Advisors Inc. increased its position in shares of iShares Convertible Bond ETF by 25.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,535 shares of the company’s stock valued at $129,000 after purchasing an additional 314 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

BATS:ICVT opened at $87.77 on Monday. The business has a 50 day moving average of $87.19 and a 200 day moving average of $84.09. iShares Convertible Bond ETF has a 1-year low of $50.43 and a 1-year high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd will be issued a $0.1406 dividend. The ex-dividend date of this dividend is Monday, February 3rd.

iShares Convertible Bond ETF Company 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.