Northwestern Mutual Wealth Management Co. Purchases 14,272 Shares of iShares Convertible Bond ETF $ICVT

Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 86.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,857 shares of the company’s stock after purchasing an additional 14,272 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.11% of iShares Convertible Bond ETF worth $3,039,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ICVT. Sunbelt Securities Inc. lifted its position in shares of iShares Convertible Bond ETF by 36.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock worth $39,000 after buying an additional 104 shares in the last quarter. Huntington National Bank grew its holdings in shares of iShares Convertible Bond ETF by 54,600.0% in the third quarter. Huntington National Bank now owns 547 shares of the company’s stock valued at $55,000 after acquiring an additional 546 shares in the last quarter. Cape Investment Advisory Inc. increased its position in shares of iShares Convertible Bond ETF by 73.1% during the third quarter. Cape Investment Advisory Inc. now owns 611 shares of the company’s stock valued at $61,000 after acquiring an additional 258 shares during the last quarter. Kingdom Financial Group LLC. purchased a new stake in shares of iShares Convertible Bond ETF during the fourth quarter valued at approximately $64,000. Finally, Dorato Capital Management bought a new stake in iShares Convertible Bond ETF during the fourth quarter worth $190,000.

iShares Convertible Bond ETF Price Performance

ICVT stock opened at $122.80 on Friday. The stock’s fifty day simple moving average is $112.78 and its two-hundred day simple moving average is $105.75. iShares Convertible Bond ETF has a 1-year low of $87.43 and a 1-year high of $124.22.

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.