IFP Advisors Inc Has $5.33 Million Holdings in iShares Convertible Bond ETF $ICVT

IFP Advisors Inc increased its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 43.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 43,742 shares of the company’s stock after acquiring an additional 13,241 shares during the quarter. IFP Advisors Inc’s holdings in iShares Convertible Bond ETF were worth $5,325,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. World Investment Advisors bought a new stake in iShares Convertible Bond ETF during the fourth quarter worth $414,000. Entelevest LLC bought a new position in iShares Convertible Bond ETF in the 4th quarter valued at approximately $599,000. Ocean Park Asset Management LLC bought a new position in iShares Convertible Bond ETF in the 1st quarter valued at approximately $42,772,000. Fifth Third Bancorp acquired a new stake in iShares Convertible Bond ETF in the first quarter valued at approximately $560,000. Finally, Curtis Wealth Management LLC bought a new stake in shares of iShares Convertible Bond ETF during the fourth quarter worth $824,000.

iShares Convertible Bond ETF Trading Down 0.5%

Shares of BATS:ICVT opened at $115.56 on Thursday. iShares Convertible Bond ETF has a 52-week low of $94.41 and a 52-week high of $126.56. The company has a fifty day moving average of $115.53 and a 200-day moving average of $113.37.

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.