D.A. Davidson & CO. Buys 1,894 Shares of iShares Convertible Bond ETF $ICVT

D.A. Davidson & CO. boosted its stake in iShares Convertible Bond ETF (BATS:ICVT) by 10.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 19,978 shares of the company’s stock after acquiring an additional 1,894 shares during the quarter. D.A. Davidson & CO.’s holdings in iShares Convertible Bond ETF were worth $1,800,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Columbia River Financial Group LLC acquired a new position in iShares Convertible Bond ETF in the 1st quarter valued at approximately $29,000. Wealth Preservation Advisors LLC acquired a new position in iShares Convertible Bond ETF in the 1st quarter valued at approximately $29,000. Cape Investment Advisory Inc. increased its position in iShares Convertible Bond ETF by 171.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 355 shares of the company’s stock valued at $30,000 after acquiring an additional 224 shares during the period. Anderson Financial Strategies LLC acquired a new position in iShares Convertible Bond ETF in the 1st quarter valued at approximately $39,000. Finally, Sunbelt Securities Inc. increased its position in iShares Convertible Bond ETF by 76.1% in the 1st quarter. Sunbelt Securities Inc. now owns 502 shares of the company’s stock valued at $42,000 after acquiring an additional 217 shares during the period.

iShares Convertible Bond ETF Stock Performance

Shares of BATS ICVT opened at $102.68 on Monday. iShares Convertible Bond ETF has a 52-week low of $75.97 and a 52-week high of $93.29. The firm has a 50 day moving average price of $98.28 and a two-hundred day moving average price of $91.75.

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.