iShares Convertible Bond ETF (BATS:ICVT) Stake Reduced by Key Financial Inc

Key Financial Inc reduced its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,450 shares of the company’s stock after selling 353 shares during the quarter. Key Financial Inc owned about 0.12% of iShares Convertible Bond ETF worth $1,764,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC increased its holdings in shares of iShares Convertible Bond ETF by 100.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 348 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of iShares Convertible Bond ETF during the fourth quarter worth $31,000. Blue Trust Inc. lifted its holdings in iShares Convertible Bond ETF by 91.0% during the fourth quarter. Blue Trust Inc. now owns 466 shares of the company’s stock worth $34,000 after acquiring an additional 222 shares in the last quarter. Resurgent Financial Advisors LLC bought a new stake in shares of iShares Convertible Bond ETF in the fourth quarter valued at about $41,000. Finally, AdvisorNet Financial Inc raised its stake in iShares Convertible Bond ETF by 122.0% in the fourth quarter. AdvisorNet Financial Inc now owns 606 shares of the company’s stock valued at $48,000 after buying an additional 333 shares during the period.

iShares Convertible Bond ETF Price Performance

Shares of BATS ICVT traded down $0.11 during midday trading on Wednesday, reaching $76.61. The company’s stock had a trading volume of 882,152 shares. The firm has a 50 day moving average price of $78.49 and a 200-day moving average price of $76.30. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18.

iShares Convertible Bond ETF Increases Dividend

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

About iShares Convertible Bond ETF

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.