Banque Pictet & Cie SA Invests $932,000 in iShares Convertible Bond ETF (BATS:ICVT)

Banque Pictet & Cie SA purchased a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,963 shares of the company’s stock, valued at approximately $932,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. PSI Advisors LLC acquired a new position in shares of iShares Convertible Bond ETF during the fourth quarter worth about $29,000. Spire Wealth Management increased its stake in shares of 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 acquiring an additional 164 shares during the period. LGT Financial Advisors LLC increased its stake in shares of iShares Convertible Bond ETF by 45.3% during the third quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after acquiring an additional 164 shares during the period. Endeavor Private Wealth Inc. acquired a new position in shares of iShares Convertible Bond ETF during the fourth quarter worth about $45,000. Finally, Elevation Wealth Partners LLC increased its stake in shares of iShares Convertible Bond ETF by 42.6% during the fourth quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock worth $76,000 after acquiring an additional 268 shares during the period.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT opened at $88.84 on Friday. The firm’s 50-day moving average is $86.99 and its two-hundred day moving average is $84.59. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a dividend of $0.1406 per share. The ex-dividend date was 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.