iShares Convertible Bond ETF $ICVT Shares Bought by Ridgewood Investments LLC

Ridgewood Investments LLC grew its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 9.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 7,939 shares of the company’s stock after buying an additional 697 shares during the period. Ridgewood Investments LLC’s holdings in iShares Convertible Bond ETF were worth $715,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ICVT. Goldman Sachs Group Inc. boosted its stake in iShares Convertible Bond ETF by 36.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,252,000 shares of the company’s stock worth $104,680,000 after purchasing an additional 334,100 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of iShares Convertible Bond ETF during the 1st quarter valued at about $20,735,000. BlueStem Wealth Partners LLC boosted its position in shares of iShares Convertible Bond ETF by 507.2% during the 1st quarter. BlueStem Wealth Partners LLC now owns 198,516 shares of the company’s stock valued at $16,598,000 after acquiring an additional 165,825 shares during the last quarter. Insight Wealth Strategies LLC boosted its position in shares of iShares Convertible Bond ETF by 90.4% during the 2nd quarter. Insight Wealth Strategies LLC now owns 245,103 shares of the company’s stock valued at $21,885,000 after acquiring an additional 116,343 shares during the last quarter. Finally, Advance Capital Management Inc. acquired a new position in shares of iShares Convertible Bond ETF during the 2nd quarter valued at about $9,830,000.

iShares Convertible Bond ETF Price Performance

Shares of ICVT stock opened at $99.65 on Monday. The company’s 50-day moving average price is $93.85 and its 200-day moving average price is $88.59. iShares Convertible Bond ETF has a twelve month low of $75.97 and a twelve month high of $93.29.

iShares Convertible Bond ETF Company 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.