Ocean Park Asset Management LLC Makes New Investment in iShares Convertible Bond ETF $ICVT

Ocean Park Asset Management LLC purchased a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 420,200 shares of the company’s stock, valued at approximately $42,772,000. iShares Convertible Bond ETF accounts for about 2.1% of Ocean Park Asset Management LLC’s investment portfolio, making the stock its 11th biggest holding. Ocean Park Asset Management LLC owned 1.50% of iShares Convertible Bond ETF at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Focus Partners Wealth bought a new stake in iShares Convertible Bond ETF during the 1st quarter worth approximately $663,000. Creative Planning bought a new position in iShares Convertible Bond ETF in the second quarter valued at approximately $350,000. Qube Research & Technologies Ltd lifted its stake in iShares Convertible Bond ETF by 144.6% in the second quarter. Qube Research & Technologies Ltd now owns 3,331 shares of the company’s stock valued at $300,000 after buying an additional 1,969 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in iShares Convertible Bond ETF by 137.1% in the second quarter. BNP Paribas Financial Markets now owns 54,066 shares of the company’s stock valued at $4,871,000 after buying an additional 31,263 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of iShares Convertible Bond ETF by 7.5% in the second quarter. MML Investors Services LLC now owns 143,831 shares of the company’s stock valued at $12,959,000 after buying an additional 9,991 shares during the period.

iShares Convertible Bond ETF Stock Performance

iShares Convertible Bond ETF stock opened at $124.25 on Monday. The company has a 50 day moving average of $116.57 and a 200-day moving average of $107.47. iShares Convertible Bond ETF has a twelve month low of $87.43 and a twelve month high of $125.55.

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.