Overbrook Management Corp Makes New Investment in iShares Convertible Bond ETF (BATS:ICVT)

Overbrook Management Corp bought a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 49,280 shares of the company’s stock, valued at approximately $3,873,000. iShares Convertible Bond ETF makes up about 0.8% of Overbrook Management Corp’s investment portfolio, making the stock its 26th largest position.

Several other institutional investors also recently made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC raised its stake in shares of iShares Convertible Bond ETF by 100.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 348 shares of the company’s stock worth $26,000 after buying an additional 174 shares during the last quarter. Blue Trust Inc. raised its stake in shares of iShares Convertible Bond ETF by 91.0% during the 4th quarter. Blue Trust Inc. now owns 466 shares of the company’s stock worth $34,000 after buying an additional 222 shares during the last quarter. AdvisorNet Financial Inc raised its stake in shares of iShares Convertible Bond ETF by 122.0% during the 4th quarter. AdvisorNet Financial Inc now owns 606 shares of the company’s stock worth $48,000 after buying an additional 333 shares during the last quarter. WealthShield Partners LLC raised its stake in shares of iShares Convertible Bond ETF by 265.6% during the 3rd quarter. WealthShield Partners LLC now owns 892 shares of the company’s stock worth $66,000 after buying an additional 648 shares during the last quarter. Finally, Park Place Capital Corp acquired a new position in shares of iShares Convertible Bond ETF during the 3rd quarter worth $79,000.

iShares Convertible Bond ETF Stock Up 0.4 %

BATS:ICVT opened at $77.32 on Friday. iShares Convertible Bond ETF has a 52-week low of $50.43 and a 52-week high of $58.18. The stock has a fifty day simple moving average of $78.26 and a 200-day simple moving average of $76.46.

iShares Convertible Bond ETF Increases Dividend

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

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.