Golden State Wealth Management LLC Makes New Investment in iShares Convertible Bond ETF (BATS:ICVT)

Golden State Wealth Management LLC purchased a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,392 shares of the company’s stock, valued at approximately $118,000.

A number of other institutional investors have also made changes to their positions in the business. Alpha Financial Partners LLC bought a new stake in iShares Convertible Bond ETF during the third quarter worth about $241,000. Brookstone Capital Management increased its position in shares of iShares Convertible Bond ETF by 38.4% during the 3rd quarter. Brookstone Capital Management now owns 9,890 shares of the company’s stock worth $828,000 after purchasing an additional 2,744 shares during the last quarter. Northwest Capital Management Inc raised its stake in shares of iShares Convertible Bond ETF by 21.0% during the 3rd quarter. Northwest Capital Management Inc now owns 6,496 shares of the company’s stock worth $544,000 after purchasing an additional 1,126 shares in the last quarter. Paladin Wealth LLC acquired a new stake in shares of iShares Convertible Bond ETF in the 3rd quarter valued at approximately $300,000. Finally, Creative Planning grew its stake in shares of iShares Convertible Bond ETF by 12.3% in the third quarter. Creative Planning now owns 3,325 shares of the company’s stock valued at $278,000 after buying an additional 363 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT opened at $87.80 on Monday. The company’s fifty day simple moving average is $87.05 and its 200 day simple moving average is $84.35. 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 company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a $0.1406 dividend. The ex-dividend date of this dividend was Monday, February 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.