LRI Investments LLC Makes New Investment in iShares Convertible Bond ETF (BATS:ICVT)

LRI Investments LLC acquired a new stake in iShares Convertible Bond ETF (BATS:ICVT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 375 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors have also modified their holdings of the company. 1832 Asset Management L.P. acquired a new position in iShares Convertible Bond ETF during the fourth quarter valued at approximately $22,354,000. Anfield Capital Management LLC increased its holdings in iShares Convertible Bond ETF by 2.7% in the 4th quarter. Anfield Capital Management LLC now owns 9,836 shares of the company’s stock valued at $773,000 after purchasing an additional 258 shares in the last quarter. Archer Investment Corp raised its position 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 purchasing an additional 689 shares during the period. 360 Financial Inc. lifted its stake in shares of iShares Convertible Bond ETF by 47.9% during the fourth quarter. 360 Financial Inc. now owns 95,330 shares of the company’s stock worth $7,492,000 after purchasing an additional 30,885 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in shares of iShares Convertible Bond ETF by 39.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 18,181 shares of the company’s stock worth $1,429,000 after buying an additional 5,100 shares during the period.

iShares Convertible Bond ETF Trading Down 1.4 %

Shares of BATS:ICVT opened at $78.28 on Friday. The business’s 50-day simple moving average is $78.94 and its 200 day simple moving average is $78.44. iShares Convertible Bond ETF has a one year low of $50.43 and a one year high of $58.18.

iShares Convertible Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were paid a $0.1563 dividend. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.15. The ex-dividend date was Monday, July 1st.

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.