Envestnet Asset Management Inc. Increases Stake in iShares Convertible Bond ETF $ICVT

Envestnet Asset Management Inc. grew its position in iShares Convertible Bond ETF (BATS:ICVT) by 33.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,248,931 shares of the company’s stock after acquiring an additional 315,685 shares during the period. Envestnet Asset Management Inc. owned about 4.46% of iShares Convertible Bond ETF worth $124,956,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ICVT. Steigerwald Gordon & Koch Inc. acquired a new stake in iShares Convertible Bond ETF in the third quarter valued at about $26,000. Sound Income Strategies LLC lifted its holdings in shares of iShares Convertible Bond ETF by 585.4% in the 3rd quarter. Sound Income Strategies LLC now owns 281 shares of the company’s stock valued at $29,000 after buying an additional 240 shares during the period. Private Wealth Asset Management LLC purchased a new stake in shares of iShares Convertible Bond ETF in the second quarter valued at approximately $48,000. Ashton Thomas Securities LLC acquired a new position in iShares Convertible Bond ETF during the third quarter worth $62,000. Finally, Hantz Financial Services Inc. purchased a new position in iShares Convertible Bond ETF in the second quarter worth $84,000.

iShares Convertible Bond ETF Stock Performance

Shares of BATS ICVT opened at $104.15 on Friday. iShares Convertible Bond ETF has a one year low of $75.97 and a one year high of $93.29. The company’s fifty day moving average is $101.29 and its two-hundred day moving average is $98.93.

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.