iShares Convertible Bond ETF (BATS:ICVT) Shares Bought by Archer Investment Corp

Archer Investment Corp lifted its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 6.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,113 shares of the company’s stock after acquiring an additional 689 shares during the quarter. Archer Investment Corp’s holdings in iShares Convertible Bond ETF were worth $873,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp acquired a new position in iShares Convertible Bond ETF during the first quarter valued at $1,892,000. Bank of Montreal Can bought a new position in iShares Convertible Bond ETF during the first quarter valued at approximately $88,000. BlackRock Inc. increased its stake in shares of iShares Convertible Bond ETF by 57,927.6% during the 1st quarter. BlackRock Inc. now owns 221,085 shares of the company’s stock worth $18,420,000 after purchasing an additional 220,704 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of iShares Convertible Bond ETF by 129.1% during the 1st quarter. Cetera Investment Advisers now owns 8,704 shares of the company’s stock valued at $725,000 after acquiring an additional 4,904 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in iShares Convertible Bond ETF by 40.9% during the first quarter. NewEdge Advisors LLC now owns 50,724 shares of the company’s stock worth $4,227,000 after purchasing an additional 14,723 shares during the period.

iShares Convertible Bond ETF Stock Performance

BATS:ICVT traded down $0.30 during midday trading on Wednesday, reaching $76.72. The stock had a trading volume of 419,012 shares. iShares Convertible Bond ETF has a 1-year low of $50.43 and a 1-year high of $58.18. The firm’s fifty day simple moving average is $78.49 and its 200-day simple moving average is $76.30.

iShares Convertible Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a $0.1346 dividend. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.12. The ex-dividend date was Monday, April 1st.

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.