Creative Planning Increases Stake in iShares Convertible Bond ETF

During the third quarter, Creative Planning enhanced its investment in the iShares Convertible Bond ETF (BATS:ICVT) by 12.3%, according to reports from Holdings Channel. Following the acquisition of an additional 363 shares, the firm now holds a total of 3,325 shares of the ETF. As per its latest filing with the Securities and Exchange Commission (SEC), Creative Planning's investments in the iShares Convertible Bond ETF have a total value of approximately $278,000.

In addition to Creative Planning, other institutional investors and hedge funds have made recent adjustments to their stakes in the iShares Convertible Bond ETF. For instance, Advisors Preferred LLC bought a new investment in this ETF during the first quarter, valued at roughly $26,000. EverSource Wealth Advisors LLC notably increased its holdings by 210.6% in the second quarter, bringing its total to 323 shares, also valued at around $26,000 after acquiring 219 additional shares during that time. LRI Investments LLC also entered the ETF market in the first quarter with a new stake worth about $29,000. LGT Financial Advisors LLC significantly raised its investment by 336.1% in the second quarter, resulting in ownership of 362 shares valued at $29,000 after purchasing an extra 279 shares. Lastly, International Assets Investment Management LLC established a new position in the ETF in the second quarter, with an estimated value of $33,000.

Price Performance of iShares Convertible Bond ETF

The iShares Convertible Bond ETF opened at $86.19 recently. Throughout the last twelve months, the ETF has reached a low of $50.43 and a high of $58.18. Currently, the 50-day moving average stands at $83.13, while the two-hundred day moving average is at $80.41.

Recent Dividends from iShares Convertible Bond ETF

The ETF has also disclosed a recent dividend distribution. Shareholders on record as of September 3rd were issued a dividend payment of $0.1528 on September 6th. This dividend's ex-dividend date was aligned with the record date, also on September 3rd.

Overview of iShares Convertible Bond ETF

The iShares Convertible Bond ETF (ICVT) is designed to primarily invest in a wide range of credit fixed-income securities. It tracks an index that includes U.S. dollar-denominated convertible bonds, weighted according to their market value. The index focuses exclusively on cash-pay convertible bonds and specifically excludes mandatory and preferred convertibles.

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