Cerity Partners LLC Buys Shares of 7,124 iShares Convertible Bond ETF (BATS:ICVT)

Cerity Partners LLC bought a new stake in iShares Convertible Bond ETF (BATS:ICVT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,124 shares of the company’s stock, valued at approximately $605,000.

Other hedge funds have also made changes to their positions in the company. Wells Financial Advisors INC acquired a new position in iShares Convertible Bond ETF in the 4th quarter valued at approximately $26,000. PSI Advisors LLC acquired a new position in shares of iShares Convertible Bond ETF in the fourth quarter worth $29,000. Spire Wealth Management raised its holdings in shares of iShares Convertible Bond ETF by 56.9% during the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock worth $38,000 after acquiring an additional 164 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new stake in shares of iShares Convertible Bond ETF during the fourth quarter worth $45,000. Finally, Franklin Resources Inc. acquired a new stake in iShares Convertible Bond ETF during the fourth quarter valued at $62,000.

iShares Convertible Bond ETF Stock Down 4.1 %

Shares of ICVT stock opened at $81.66 on Monday. iShares Convertible Bond ETF has a fifty-two week low of $75.97 and a fifty-two week high of $89.71. The stock’s 50-day moving average is $84.38 and its two-hundred day moving average is $85.69.

iShares Convertible Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.1466 dividend. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.14. The ex-dividend date was Monday, March 3rd.

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.