Ocean Park Asset Management LLC Buys 88,100 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Ocean Park Asset Management LLC raised its stake in iShares Convertible Bond ETF (BATS:ICVT) by 32.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 356,700 shares of the company’s stock after purchasing an additional 88,100 shares during the period. iShares Convertible Bond ETF accounts for 1.0% of Ocean Park Asset Management LLC’s holdings, making the stock its 16th biggest holding. Ocean Park Asset Management LLC owned 1.47% of iShares Convertible Bond ETF worth $30,309,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC grew its holdings in shares of iShares Convertible Bond ETF by 0.5% during the fourth quarter. Cornerstone Planning Group LLC now owns 163,761 shares of the company’s stock valued at $14,260,000 after buying an additional 764 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in shares of iShares Convertible Bond ETF by 42.6% during the fourth quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock valued at $76,000 after buying an additional 268 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of iShares Convertible Bond ETF during the fourth quarter valued at about $118,000. Centerline Wealth Advisors LLC acquired a new position in shares of iShares Convertible Bond ETF during the fourth quarter valued at about $5,511,000. Finally, Onyx Bridge Wealth Group LLC grew its holdings in shares of iShares Convertible Bond ETF by 1,283.1% during the fourth quarter. Onyx Bridge Wealth Group LLC now owns 90,194 shares of the company’s stock valued at $7,664,000 after buying an additional 83,673 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

iShares Convertible Bond ETF stock opened at $88.25 on Tuesday. iShares Convertible Bond ETF has a fifty-two week low of $50.43 and a fifty-two week high of $58.18. The firm’s 50-day simple moving average is $87.04 and its 200 day simple moving average is $84.42.

iShares Convertible Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a $0.1406 dividend. The ex-dividend date 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.