Greenleaf Trust Takes $23.20 Million Position in iShares Convertible Bond ETF (BATS:ICVT)

Greenleaf Trust purchased a new stake in iShares Convertible Bond ETF (BATS:ICVT) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 295,183 shares of the company’s stock, valued at approximately $23,198,000.

A number of other large investors also recently made changes to their positions in ICVT. Cary Street Partners Investment Advisory LLC lifted its stake in shares of iShares Convertible Bond ETF by 100.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 348 shares of the company’s stock valued at $26,000 after purchasing an additional 174 shares during the period. ICA Group Wealth Management LLC bought a new stake in shares of iShares Convertible Bond ETF in the 4th quarter valued at $31,000. Blue Trust Inc. increased its position in shares of iShares Convertible Bond ETF by 91.0% in the 4th quarter. Blue Trust Inc. now owns 466 shares of the company’s stock valued at $34,000 after buying 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 4th quarter valued at $41,000. Finally, AdvisorNet Financial Inc increased its position in shares of iShares Convertible Bond ETF by 122.0% in the 4th quarter. AdvisorNet Financial Inc now owns 606 shares of the company’s stock valued at $48,000 after buying an additional 333 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

Shares of ICVT traded down $0.38 during trading hours on Friday, reaching $76.13. The stock had a trading volume of 235,431 shares. iShares Convertible Bond ETF has a 52 week low of $50.43 and a 52 week high of $58.18. The firm has a 50-day moving average of $78.39 and a 200 day moving average of $76.32.

iShares Convertible Bond ETF Increases Dividend

The company also recently disclosed 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 boost from iShares Convertible Bond ETF’s previous dividend of $0.12.

iShares Convertible Bond ETF 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.