Comprehensive Money Management Services LLC Invests $581,000 in iShares Convertible Bond ETF (BATS:ICVT)

Comprehensive Money Management Services LLC acquired a new position in iShares Convertible Bond ETF (BATS:ICVT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,837 shares of the company’s stock, valued at approximately $581,000.

A number of other hedge funds have also recently made changes to their positions in the business. Brooklyn FI LLC bought a new position in shares of iShares Convertible Bond ETF in the fourth quarter worth about $4,639,000. H&H Retirement Design & Management INC bought a new position in iShares Convertible Bond ETF during the fourth quarter valued at approximately $216,000. United Advisor Group LLC bought a new position in iShares Convertible Bond ETF during the fourth quarter valued at approximately $744,000. Ascent Group LLC boosted its stake in iShares Convertible Bond ETF by 61.4% during the fourth quarter. Ascent Group LLC now owns 11,750 shares of the company’s stock valued at $998,000 after buying an additional 4,469 shares during the last quarter. Finally, Invst LLC boosted its stake in iShares Convertible Bond ETF by 68.8% during the fourth quarter. Invst LLC now owns 10,244 shares of the company’s stock valued at $870,000 after buying an additional 4,177 shares during the last quarter.

iShares Convertible Bond ETF Price Performance

Shares of iShares Convertible Bond ETF stock opened at $86.66 on Tuesday. The stock has a 50 day moving average of $84.18 and a 200 day moving average of $85.96. iShares Convertible Bond ETF has a 12 month low of $75.97 and a 12 month high of $89.71.

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 dividend of $0.1466 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from iShares Convertible Bond ETF’s previous dividend of $0.14.

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.