iShares Convertible Bond ETF (BATS:ICVT) Declares Dividend of $0.13

iShares Convertible Bond ETF (BATS:ICVT) announced a dividend on Thursday, March 28th, NASDAQ reports. Stockholders of record on Tuesday, April 2nd will be paid a dividend of 0.1346 per share on Friday, April 5th. The ex-dividend date is Monday, April 1st. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.12.

iShares Convertible Bond ETF Price Performance

Shares of ICVT stock traded down $0.23 during trading hours on Friday, reaching $79.83. 119,719 shares of the company’s stock were exchanged. iShares Convertible Bond ETF has a 1 year low of $50.43 and a 1 year high of $58.18. The stock’s fifty day moving average price is $78.31 and its two-hundred day moving average price is $75.95.

Institutional Investors Weigh In On iShares Convertible Bond ETF

A number of large investors have recently bought and sold shares of the company. 1832 Asset Management L.P. boosted its position in iShares Convertible Bond ETF by 1.1% in the first quarter. 1832 Asset Management L.P. now owns 944,540 shares of the company’s stock valued at $68,592,000 after buying an additional 10,294 shares during the last quarter. Jane Street Group LLC boosted its position in iShares Convertible Bond ETF by 604.6% in the first quarter. Jane Street Group LLC now owns 915,343 shares of the company’s stock valued at $66,472,000 after buying an additional 785,426 shares during the last quarter. Ameriprise Financial Inc. boosted its position in iShares Convertible Bond ETF by 58.4% in the 1st quarter. Ameriprise Financial Inc. now owns 450,773 shares of the company’s stock worth $32,738,000 after purchasing an additional 166,121 shares in the last quarter. Baker Avenue Asset Management LP boosted its position in iShares Convertible Bond ETF by 7.4% in the 4th quarter. Baker Avenue Asset Management LP now owns 282,110 shares of the company’s stock worth $22,171,000 after purchasing an additional 19,485 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in iShares Convertible Bond ETF by 9.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 224,964 shares of the company’s stock worth $17,680,000 after purchasing an additional 18,552 shares in the last quarter.

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.