Creative Planning Increases Holdings in iShares Convertible Bond ETF

Creative Planning has raised its holdings in the iShares Convertible Bond ETF (BATS:ICVT) by 12.3% during the third quarter of the year. According to reports from Holdings Channel, the firm now owns a total of 3,325 shares of the ETF following the purchase of an additional 363 shares in the recent quarter. As of the latest filing with the Securities and Exchange Commission (SEC), Creative Planning’s investment in the iShares Convertible Bond ETF is valued at approximately $278,000.

In addition to Creative Planning's activities, there have been several other institutional investors and hedge funds that have altered their stakes in the iShares Convertible Bond ETF. For instance, Advisors Preferred LLC established a new position in the ETF during the first quarter, with an investment estimated at around $26,000. Furthermore, EverSource Wealth Advisors LLC significantly boosted its investment by 210.6% in the second quarter, increasing its holdings to 323 shares—worth about $26,000—after acquiring an additional 219 shares.

LRI Investments LLC also joined the ranks of investors by acquiring a new share in the first quarter valued at around $29,000. Meanwhile, LGT Financial Advisors LLC made a notable increase of 336.1% in its holdings during the second quarter, resulting in ownership of 362 shares worth approximately $29,000 after purchasing an additional 279 shares. Lastly, International Assets Investment Management LLC secured a new position in the ETF, valued at about $33,000 during the second quarter.

Performance Overview of iShares Convertible Bond ETF

The share price of the iShares Convertible Bond ETF opened at $86.19 last Friday. Over the past year, the ETF has experienced a low point of $50.43 and a high of $58.18. The current 50-day moving average of the shares is noted to be $83.13, while the 200-day moving average stands at $80.41.

Dividend Announcement by iShares Convertible Bond ETF

The ETF recently disclosed a dividend payment, which was made on September 6th. Shareholders who were on record as of September 3rd received a dividend of $0.1528. The ex-dividend date for this payout was also September 3rd.

About iShares Convertible Bond ETF

The iShares Convertible Bond ETF (ICVT) operates as an exchange-traded fund focused primarily on broad credit fixed income investments. This fund specifically tracks an index of USD-denominated convertible bonds that are weighted by their market value. Notably, the index comprises only cash-pay convertibles, explicitly excluding mandatory and preferred convertibles.

Investments, Funds, ETFs