H&H Retirement Design & Management INC Buys New Holdings in iShares Convertible Bond ETF (BATS:ICVT)

H&H Retirement Design & Management INC purchased a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) in the 4th quarter, Holdings Channel reports. The firm purchased 2,476 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ICVT. Orion Portfolio Solutions LLC lifted its stake in iShares Convertible Bond ETF by 10.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 4,221 shares of the company’s stock worth $359,000 after purchasing an additional 413 shares during the last quarter. SG Americas Securities LLC acquired a new stake in iShares Convertible Bond ETF during the fourth quarter worth approximately $544,000. Truist Financial Corp lifted its position in shares of iShares Convertible Bond ETF by 11.0% during the 4th quarter. Truist Financial Corp now owns 43,458 shares of the company’s stock worth $3,693,000 after buying an additional 4,300 shares during the last quarter. Centerline Wealth Advisors LLC purchased a new stake in shares of iShares Convertible Bond ETF during the 4th quarter worth approximately $5,511,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of iShares Convertible Bond ETF by 43.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,906 shares of the company’s stock valued at $417,000 after buying an additional 1,475 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 1.8%

Shares of BATS:ICVT opened at $86.66 on Friday. The company’s fifty day moving average price is $84.15 and its 200 day moving average price is $85.94. 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 disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1466 per share. This is a positive change from iShares Convertible Bond ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, March 3rd.

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.