Financial Gravity Asset Management Inc. Grows Stock Holdings in iShares Convertible Bond ETF (BATS:ICVT)

Financial Gravity Asset Management Inc. raised its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 14.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,611 shares of the company’s stock after acquiring an additional 10,023 shares during the period. iShares Convertible Bond ETF makes up 1.6% of Financial Gravity Asset Management Inc.’s investment portfolio, making the stock its 17th biggest holding. Financial Gravity Asset Management Inc. owned 0.33% of iShares Convertible Bond ETF worth $6,311,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ICVT. 1832 Asset Management L.P. acquired a new position in shares of iShares Convertible Bond ETF during the fourth quarter worth about $22,354,000. 360 Financial Inc. boosted its holdings in iShares Convertible Bond ETF by 47.9% in the 4th quarter. 360 Financial Inc. now owns 95,330 shares of the company’s stock valued at $7,492,000 after purchasing an additional 30,885 shares in the last quarter. Avantax Advisory Services Inc. increased its position in iShares Convertible Bond ETF by 39.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 18,181 shares of the company’s stock worth $1,429,000 after purchasing an additional 5,100 shares during the period. Pettinga Financial Advisors LLC purchased a new position in shares of iShares Convertible Bond ETF during the 1st quarter worth approximately $351,000. Finally, Blair William & Co. IL raised its stake in shares of iShares Convertible Bond ETF by 19.2% during the 1st quarter. Blair William & Co. IL now owns 2,790 shares of the company’s stock worth $223,000 after buying an additional 449 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

iShares Convertible Bond ETF stock opened at $79.74 on Friday. The stock’s 50 day moving average price is $79.72 and its 200 day moving average price is $78.80. iShares Convertible Bond ETF has a 1-year low of $50.43 and a 1-year high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.1528 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.