Synergy Asset Management LLC Increases Position in iShares Convertible Bond ETF (BATS:ICVT)

Synergy Asset Management LLC lifted its stake in iShares Convertible Bond ETF (BATS:ICVT) by 11.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,449 shares of the company’s stock after acquiring an additional 360 shares during the period. Synergy Asset Management LLC’s holdings in iShares Convertible Bond ETF were worth $271,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. LGT Financial Advisors LLC raised its holdings in iShares Convertible Bond ETF by 336.1% in the second quarter. LGT Financial Advisors LLC now owns 362 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares in the last quarter. FFG Retirement Advisors LLC raised its stake in shares of iShares Convertible Bond ETF by 169.8% during the 2nd quarter. FFG Retirement Advisors LLC now owns 18,926 shares of the company’s stock worth $1,488,000 after acquiring an additional 11,912 shares in the last quarter. Gries Financial LLC lifted its position in iShares Convertible Bond ETF by 19.7% during the second quarter. Gries Financial LLC now owns 6,708 shares of the company’s stock valued at $527,000 after acquiring an additional 1,102 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in iShares Convertible Bond ETF by 8.2% during the second quarter. Foundations Investment Advisors LLC now owns 46,844 shares of the company’s stock valued at $3,683,000 after acquiring an additional 3,560 shares during the last quarter. Finally, Hilltop Partners LLC boosted its stake in iShares Convertible Bond ETF by 6.9% in the second quarter. Hilltop Partners LLC now owns 86,244 shares of the company’s stock valued at $6,781,000 after acquiring an additional 5,601 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT stock traded up $0.13 during trading hours on Friday, reaching $80.22. 120,764 shares of the company’s stock were exchanged. iShares Convertible Bond ETF has a fifty-two week low of $50.43 and a fifty-two week high of $58.18. The stock’s 50 day moving average is $79.70 and its 200-day moving average is $78.79.

iShares Convertible Bond ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 6th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.1528 per share. The ex-dividend date is Tuesday, September 3rd.

iShares Convertible Bond ETF 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.