Bigelow Investment Advisors LLC Has $411,000 Stock Position in iShares Convertible Bond ETF (BATS:ICVT)

Bigelow Investment Advisors LLC cut its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 11.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,224 shares of the company’s stock after selling 688 shares during the period. Bigelow Investment Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $411,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ICVT. Financial Gravity Asset Management Inc. lifted its stake in iShares Convertible Bond ETF by 2,269.2% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 922,016 shares of the company’s stock valued at $68,423,000 after purchasing an additional 883,099 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of iShares Convertible Bond ETF by 604.6% in the 1st quarter. Jane Street Group LLC now owns 915,343 shares of the company’s stock valued at $66,472,000 after acquiring an additional 785,426 shares during the last quarter. Bank of Nova Scotia acquired a new stake in shares of iShares Convertible Bond ETF during the 3rd quarter valued at $48,415,000. Tradewinds Capital Management LLC grew its position in iShares Convertible Bond ETF by 46,715.7% during the 3rd quarter. Tradewinds Capital Management LLC now owns 618,903 shares of the company’s stock worth $45,929,000 after acquiring an additional 617,581 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in iShares Convertible Bond ETF by 57,927.6% in the 1st quarter. BlackRock Inc. now owns 221,085 shares of the company’s stock worth $18,420,000 after purchasing an additional 220,704 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT stock traded down $0.11 during mid-day trading on Friday, reaching $76.51. 103,805 shares of the stock traded hands. The stock’s fifty day simple moving average is $78.44 and its two-hundred day simple moving average is $76.30. 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. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.1346 per share. The ex-dividend date was Monday, April 1st. This is an increase 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.