Park Avenue Securities LLC Makes New $2.61 Million Investment in iShares Convertible Bond ETF $ICVT

Park Avenue Securities LLC purchased a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 23,135 shares of the company’s stock, valued at approximately $2,613,000. Park Avenue Securities LLC owned 0.08% of iShares Convertible Bond ETF at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ICVT. Sigma Planning Corp purchased a new position in iShares Convertible Bond ETF during the 3rd quarter valued at about $379,000. Dedeker Financial LLC lifted its position in shares of iShares Convertible Bond ETF by 18.7% in the third quarter. Dedeker Financial LLC now owns 10,768 shares of the company’s stock worth $1,216,000 after purchasing an additional 1,698 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of iShares Convertible Bond ETF in the third quarter worth approximately $370,000. Simplicity Wealth LLC lifted its position in shares of iShares Convertible Bond ETF by 10.4% in the third quarter. Simplicity Wealth LLC now owns 24,017 shares of the company’s stock worth $2,712,000 after purchasing an additional 2,267 shares in the last quarter. Finally, Wedbush Securities Inc. acquired a new stake in shares of iShares Convertible Bond ETF during the third quarter worth approximately $463,000.

iShares Convertible Bond ETF Stock Performance

ICVT stock opened at $105.17 on Friday. The firm has a 50 day simple moving average of $111.70 and a 200 day simple moving average of $111.58. iShares Convertible Bond ETF has a 52 week low of $94.41 and a 52 week 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.