Sofi Wealth LLC Invests $1.56 Million in iShares Convertible Bond ETF $ICVT

Sofi Wealth LLC acquired a new stake in iShares Convertible Bond ETF (BATS:ICVT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 15,308 shares of the company’s stock, valued at approximately $1,558,000. Sofi Wealth LLC owned approximately 0.05% of iShares Convertible Bond ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Strategic Advocates LLC boosted its position in iShares Convertible Bond ETF by 94.8% during the fourth quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock valued at $37,000 after purchasing an additional 181 shares during the last quarter. Sunbelt Securities Inc. grew its stake in iShares Convertible Bond ETF by 36.5% in the third quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after purchasing an additional 104 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of iShares Convertible Bond ETF by 160.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock worth $60,000 after purchasing an additional 376 shares during the last quarter. Cape Investment Advisory Inc. increased its position in shares of iShares Convertible Bond ETF by 73.1% during the 3rd quarter. Cape Investment Advisory Inc. now owns 611 shares of the company’s stock worth $61,000 after purchasing an additional 258 shares during the last quarter. Finally, NBT Bank N A NY increased its position in shares of iShares Convertible Bond ETF by 527.3% during the 1st quarter. NBT Bank N A NY now owns 621 shares of the company’s stock worth $63,000 after purchasing an additional 522 shares during the last quarter.

iShares Convertible Bond ETF Trading Down 2.0%

Shares of iShares Convertible Bond ETF stock opened at $113.65 on Friday. iShares Convertible Bond ETF has a 12-month low of $90.77 and a 12-month high of $126.56. The business’s 50 day moving average is $119.17 and its 200-day moving average is $110.03.

About iShares Convertible Bond ETF

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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.