New York Life Investment Management LLC Makes New Investment in iShares Convertible Bond ETF $ICVT

New York Life Investment Management LLC purchased a new position in iShares Convertible Bond ETF (BATS:ICVT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 248,200 shares of the company’s stock, valued at approximately $28,030,000. New York Life Investment Management LLC owned about 0.89% of iShares Convertible Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ICVT. Allianz Asset Management GmbH raised its position in shares of iShares Convertible Bond ETF by 168.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 176,300 shares of the company’s stock worth $21,463,000 after buying an additional 110,600 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of iShares Convertible Bond ETF in the 3rd quarter worth approximately $9,594,000. Mcmorgan & Co. LLC bought a new position in shares of iShares Convertible Bond ETF in the first quarter valued at approximately $8,059,000. Hershey Financial Advisers LLC bought a new position in shares of iShares Convertible Bond ETF in the first quarter valued at approximately $6,421,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of iShares Convertible Bond ETF in the second quarter valued at approximately $7,258,000.

iShares Convertible Bond ETF Trading Down 0.9%

BATS ICVT opened at $102.61 on Wednesday. iShares Convertible Bond ETF has a 12 month low of $94.41 and a 12 month high of $126.56. The company’s 50 day simple moving average is $109.98 and its 200 day simple moving average is $111.57.

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