Mirae Asset Global Investments Co. Ltd. Purchases New Shares in iShares Convertible Bond ETF $ICVT

Mirae Asset Global Investments Co. Ltd. acquired a new position in iShares Convertible Bond ETF (BATS:ICVT) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $2,823,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in shares of iShares Convertible Bond ETF by 30.4% in the 2nd quarter. NewEdge Advisors LLC now owns 85,064 shares of the company’s stock valued at $10,356,000 after purchasing an additional 19,854 shares during the period. Allianz Asset Management GmbH grew its position in shares of iShares Convertible Bond ETF by 168.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 176,300 shares of the company’s stock worth $21,463,000 after buying an additional 110,600 shares during the period. Fifth Third Bancorp acquired a new position in shares of iShares Convertible Bond ETF during the 1st quarter worth about $560,000. Lido Advisors LLC grew its position in shares of iShares Convertible Bond ETF by 225.4% during the 1st quarter. Lido Advisors LLC now owns 19,358 shares of the company’s stock worth $1,970,000 after buying an additional 13,409 shares during the period. Finally, Cornerstone Planning Group LLC increased its stake in shares of iShares Convertible Bond ETF by 5.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 178,460 shares of the company’s stock valued at $18,165,000 after acquiring an additional 8,480 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of BATS:ICVT traded up $1.17 during mid-day trading on Friday, reaching $101.68. The stock had a trading volume of 2,692,911 shares, compared to its average volume of 773,620. The firm has a 50 day simple moving average of $110.42 and a two-hundred day simple moving average of $111.58. iShares Convertible Bond ETF has a twelve month low of $94.41 and a twelve 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.