Millington Financial Advisors LLC Has $604,000 Position in iShares Convertible Bond ETF (BATS:ICVT)

Millington Financial Advisors LLC trimmed its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,681 shares of the company’s stock after selling 800 shares during the quarter. Millington Financial Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $604,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ICVT. Envestnet Asset Management Inc. increased its holdings in iShares Convertible Bond ETF by 75.3% in the third quarter. Envestnet Asset Management Inc. now owns 206,412 shares of the company’s stock valued at $15,318,000 after purchasing an additional 88,680 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of iShares Convertible Bond ETF by 7.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 85,931 shares of the company’s stock worth $6,377,000 after acquiring an additional 6,107 shares during the last quarter. Advisory Alpha LLC lifted its stake in shares of iShares Convertible Bond ETF by 2.0% in the fourth quarter. Advisory Alpha LLC now owns 403,028 shares of the company’s stock worth $31,680,000 after acquiring an additional 7,712 shares during the period. Archer Investment Corp boosted its holdings in iShares Convertible Bond ETF by 6.6% in the fourth quarter. Archer Investment Corp now owns 11,113 shares of the company’s stock valued at $873,000 after acquiring an additional 689 shares during the last quarter. Finally, Tradewinds Capital Management LLC boosted its holdings in iShares Convertible Bond ETF by 46,715.7% in the third quarter. Tradewinds Capital Management LLC now owns 618,903 shares of the company’s stock valued at $45,929,000 after acquiring an additional 617,581 shares during the last quarter.

iShares Convertible Bond ETF Stock Up 1.0 %

iShares Convertible Bond ETF stock traded up $0.78 during mid-day trading on Tuesday, hitting $77.33. 241,050 shares of the stock were exchanged. The firm’s fifty day simple moving average is $78.34 and its two-hundred day simple moving average is $76.39. iShares Convertible Bond ETF has a 12 month low of $50.43 and a 12 month high of $58.18.

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

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.