New York Life Investment Management LLC Increases Position in iShares Convertible Bond ETF (BATS:ICVT)

New York Life Investment Management LLC lifted its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 348,445 shares of the company’s stock after purchasing an additional 35,665 shares during the period. New York Life Investment Management LLC owned about 1.89% of iShares Convertible Bond ETF worth $27,384,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Gravity Asset Management Inc. boosted its holdings 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 worth $68,423,000 after buying an additional 883,099 shares during the last quarter. Bank of Nova Scotia acquired a new stake in iShares Convertible Bond ETF in the 3rd quarter worth about $48,415,000. Tradewinds Capital Management LLC boosted its holdings in 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 worth $45,929,000 after buying an additional 617,581 shares during the last quarter. Advisory Alpha LLC boosted its holdings in iShares Convertible Bond ETF by 2.0% in the 4th 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. Finally, Assetmark Inc. boosted its holdings in iShares Convertible Bond ETF by 7.4% in the 3rd quarter. Assetmark Inc. now owns 396,757 shares of the company’s stock worth $29,443,000 after buying an additional 27,290 shares during the last quarter.

iShares Convertible Bond ETF Trading Down 0.4 %

ICVT stock traded down $0.33 during trading on Wednesday, hitting $76.71. The stock had a trading volume of 549,860 shares. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18. The company’s 50-day moving average price is $78.23 and its two-hundred day moving average price is $76.56.

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 issued a dividend of $0.1346 per share. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.12. The ex-dividend date was Monday, April 1st.

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.