JNBA Financial Advisors Makes New Investment in iShares Convertible Bond ETF $ICVT

JNBA Financial Advisors acquired a new stake in iShares Convertible Bond ETF (BATS:ICVT) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 58,470 shares of the company’s stock, valued at approximately $7,118,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ICVT. World Investment Advisors acquired a new stake in shares of iShares Convertible Bond ETF during the 4th quarter worth about $414,000. Plan Group Financial LLC grew its stake in iShares Convertible Bond ETF by 23.3% in the 4th quarter. Plan Group Financial LLC now owns 57,309 shares of the company’s stock valued at $5,645,000 after buying an additional 10,819 shares during the last quarter. Ocean Park Asset Management LLC acquired a new position in iShares Convertible Bond ETF in the 1st quarter valued at about $42,772,000. Fifth Third Bancorp acquired a new position in iShares Convertible Bond ETF in the 1st quarter valued at about $560,000. Finally, Curtis Wealth Management LLC bought a new position in iShares Convertible Bond ETF in the 4th quarter valued at about $824,000.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT stock opened at $114.25 on Monday. The firm has a 50 day moving average price of $116.61 and a two-hundred day moving average price of $112.83. iShares Convertible Bond ETF has a 12-month low of $93.23 and a 12-month high of $126.56.

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.