McAdam LLC Cuts Stake in iShares Convertible Bond ETF (BATS:ICVT)

McAdam LLC lessened its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,228 shares of the company’s stock after selling 494 shares during the period. McAdam LLC’s holdings in iShares Convertible Bond ETF were worth $411,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ICVT. Anfield Capital Management LLC raised its stake in shares of iShares Convertible Bond ETF by 2.7% in the fourth quarter. Anfield Capital Management LLC now owns 9,836 shares of the company’s stock worth $773,000 after purchasing an additional 258 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in iShares Convertible Bond ETF by 75.3% during 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 period. Archer Investment Corp boosted its holdings 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 acquiring an additional 689 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in iShares Convertible Bond ETF by 7.7% in the third 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 last quarter. Finally, Advisory Alpha LLC boosted its stake in shares of iShares Convertible Bond ETF by 2.0% in the fourth quarter. Advisory Alpha LLC now owns 403,028 shares of the company’s stock worth $31,680,000 after buying an additional 7,712 shares during the last quarter.

iShares Convertible Bond ETF Stock Up 0.3 %

Shares of BATS ICVT opened at $77.59 on Tuesday. iShares Convertible Bond ETF has a 12 month low of $50.43 and a 12 month high of $58.18. The firm’s 50 day simple moving average is $78.25 and its 200-day simple moving average is $76.53.

iShares Convertible Bond ETF Increases Dividend

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

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.