iShares Convertible Bond ETF (BATS:ICVT) Shares Purchased by Archer Investment Corp

Archer Investment Corp boosted its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 6.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,113 shares of the company’s stock after acquiring an additional 689 shares during the quarter. Archer Investment Corp owned 0.06% of iShares Convertible Bond ETF worth $873,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ICVT. Cary Street Partners Investment Advisory LLC boosted its holdings in iShares Convertible Bond ETF by 100.0% in the third 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 acquired a new stake in iShares Convertible Bond ETF in the 4th quarter valued at about $31,000. Blue Trust Inc. boosted its stake 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 during the period. Resurgent Financial Advisors LLC acquired a new position in shares of iShares Convertible Bond ETF during the fourth quarter worth about $41,000. Finally, AdvisorNet Financial Inc increased its stake in shares of iShares Convertible Bond ETF by 122.0% during the fourth quarter. AdvisorNet Financial Inc now owns 606 shares of the company’s stock worth $48,000 after buying an additional 333 shares during the period.

iShares Convertible Bond ETF Stock Down 0.4 %

BATS:ICVT traded down $0.30 during mid-day trading on Wednesday, hitting $76.72. The stock had a trading volume of 419,012 shares. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18. The stock has a 50-day simple moving average of $78.49 and a two-hundred day simple moving average of $76.30.

iShares Convertible Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.1346 per share. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.12. The ex-dividend date of this dividend 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.