Overbrook Management Corp Makes New $3.87 Million Investment in iShares Convertible Bond ETF (BATS:ICVT)

Overbrook Management Corp bought a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 49,280 shares of the company’s stock, valued at approximately $3,873,000. iShares Convertible Bond ETF comprises about 0.8% of Overbrook Management Corp’s investment portfolio, making the stock its 26th largest holding. Overbrook Management Corp owned approximately 0.27% of iShares Convertible Bond ETF at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ICVT. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Convertible Bond ETF by 75.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 206,412 shares of the company’s stock valued at $15,318,000 after acquiring an additional 88,680 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of iShares Convertible Bond ETF by 7.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 85,931 shares of the company’s stock valued at $6,377,000 after purchasing an additional 6,107 shares during the period. Advisory Alpha LLC lifted its stake in shares of iShares Convertible Bond ETF by 2.0% in the 4th quarter. Advisory Alpha LLC now owns 403,028 shares of the company’s stock valued at $31,680,000 after purchasing an additional 7,712 shares during the period. Archer Investment Corp lifted its stake in shares of iShares Convertible Bond ETF by 6.6% in the 4th quarter. Archer Investment Corp now owns 11,113 shares of the company’s stock valued at $873,000 after purchasing an additional 689 shares during the period. Finally, Tradewinds Capital Management LLC lifted its stake in shares of iShares Convertible Bond ETF by 46,715.7% in the 3rd quarter. Tradewinds Capital Management LLC now owns 618,903 shares of the company’s stock valued at $45,929,000 after purchasing an additional 617,581 shares during the period.

iShares Convertible Bond ETF Trading Up 0.4 %

ICVT opened at $77.32 on Friday. The firm has a fifty day moving average price of $78.26 and a 200 day moving average price of $76.46. iShares Convertible Bond ETF has a 1 year low of $50.43 and a 1 year high of $58.18.

iShares Convertible Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a $0.1346 dividend. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.12. The ex-dividend date of this dividend was Monday, April 1st.

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.