Bank of Montreal Can Has $2.09 Million Position in iShares Convertible Bond ETF (BATS:ICVT)

Bank of Montreal Can increased its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 857.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,389 shares of the company’s stock after buying an additional 23,632 shares during the quarter. Bank of Montreal Can’s holdings in iShares Convertible Bond ETF were worth $2,088,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. 1832 Asset Management L.P. acquired a new stake in shares of iShares Convertible Bond ETF during the fourth quarter worth approximately $22,354,000. Pettinga Financial Advisors LLC bought a new position in iShares Convertible Bond ETF during the first quarter valued at approximately $351,000. Blair William & Co. IL raised its position in iShares Convertible Bond ETF by 19.2% during the first quarter. Blair William & Co. IL now owns 2,790 shares of the company’s stock valued at $223,000 after acquiring an additional 449 shares in the last quarter. Park Avenue Securities LLC raised its position in iShares Convertible Bond ETF by 15.7% during the second quarter. Park Avenue Securities LLC now owns 55,917 shares of the company’s stock valued at $4,397,000 after acquiring an additional 7,599 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in iShares Convertible Bond ETF by 3.3% during the first quarter. Oppenheimer & Co. Inc. now owns 25,551 shares of the company’s stock valued at $2,040,000 after acquiring an additional 827 shares in the last quarter.

iShares Convertible Bond ETF Stock Down 0.3 %

Shares of ICVT opened at $83.09 on Friday. The firm’s 50 day moving average price is $80.65 and its 200 day moving average price is $79.30. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a dividend of $0.1528 per share. The ex-dividend date was 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.