Financial Life Advisors bought a new position in shares of iShares Convertible Bond ETF (BATS:ICVT – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,119 shares of the company’s stock, valued at approximately $1,110,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ocean Park Asset Management LLC bought a new position in shares of iShares Convertible Bond ETF during the 1st quarter worth about $42,772,000. LPL Financial LLC lifted its stake in shares of iShares Convertible Bond ETF by 20.2% in the fourth quarter. LPL Financial LLC now owns 1,035,083 shares of the company’s stock valued at $101,956,000 after buying an additional 174,077 shares during the period. Jane Street Group LLC acquired a new stake in iShares Convertible Bond ETF during the fourth quarter worth about $13,564,000. OpenArc Corporate Advisory LLC acquired a new stake in iShares Convertible Bond ETF during the fourth quarter worth about $12,625,000. Finally, Dynasty Wealth Management LLC increased its stake in iShares Convertible Bond ETF by 412.2% during the fourth quarter. Dynasty Wealth Management LLC now owns 126,688 shares of the company’s stock valued at $12,479,000 after acquiring an additional 101,954 shares during the period.
iShares Convertible Bond ETF Stock Down 0.4%
iShares Convertible Bond ETF stock opened at $113.84 on Tuesday. The business has a 50 day moving average price of $116.41 and a two-hundred day moving average price of $112.89. iShares Convertible Bond ETF has a 12 month low of $93.23 and a 12 month high of $126.56.
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.
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