Independent Financial Group LLC Acquires Shares of 6,836 iShares Convertible Bond ETF $ICVT

Independent Financial Group LLC bought a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,836 shares of the company’s stock, valued at approximately $696,000.

Several other hedge funds also recently made changes to their positions in ICVT. Bank of America Corp DE boosted its stake in shares of iShares Convertible Bond ETF by 3.2% in the third quarter. Bank of America Corp DE now owns 2,647,316 shares of the company’s stock valued at $264,864,000 after buying an additional 82,318 shares during the period. LPL Financial LLC raised its holdings in iShares Convertible Bond ETF by 20.2% in the 4th quarter. LPL Financial LLC now owns 1,035,083 shares of the company’s stock valued at $101,956,000 after acquiring an additional 174,077 shares in the last quarter. AMG National Trust Bank lifted its position in shares of iShares Convertible Bond ETF by 7.4% during the 1st quarter. AMG National Trust Bank now owns 565,061 shares of the company’s stock valued at $57,518,000 after acquiring an additional 39,016 shares during the period. Greenleaf Trust lifted its position in shares of iShares Convertible Bond ETF by 0.8% during the 4th quarter. Greenleaf Trust now owns 451,146 shares of the company’s stock valued at $44,438,000 after acquiring an additional 3,596 shares during the period. Finally, Ocean Park Asset Management LLC acquired a new stake in shares of iShares Convertible Bond ETF during the 1st quarter worth $42,772,000.

iShares Convertible Bond ETF Price Performance

ICVT opened at $116.72 on Wednesday. iShares Convertible Bond ETF has a 52-week low of $90.77 and a 52-week high of $126.56. The business’s fifty day moving average is $119.02 and its 200-day moving average is $110.37.

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