Independence Financial Advisors LLC purchased a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT – Free Report) during the first quarter, Holdings Channel.com reports. The firm purchased 6,173 shares of the company’s stock, valued at approximately $516,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Columbia River Financial Group LLC bought a new position in shares of iShares Convertible Bond ETF in the first quarter worth approximately $29,000. Abound Wealth Management bought a new position in shares of iShares Convertible Bond ETF in the first quarter worth approximately $42,000. Sunbelt Securities Inc. grew its holdings in shares of iShares Convertible Bond ETF by 76.1% in the first quarter. Sunbelt Securities Inc. now owns 502 shares of the company’s stock worth $42,000 after purchasing an additional 217 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of iShares Convertible Bond ETF in the fourth quarter worth approximately $62,000. Finally, LGT Financial Advisors LLC grew its holdings in shares of iShares Convertible Bond ETF by 77.6% in the fourth quarter. LGT Financial Advisors LLC now owns 934 shares of the company’s stock worth $79,000 after purchasing an additional 408 shares during the last quarter.
iShares Convertible Bond ETF Stock Performance
Shares of iShares Convertible Bond ETF stock opened at $92.35 on Wednesday. iShares Convertible Bond ETF has a 52-week low of $75.97 and a 52-week high of $93.29. The company’s 50 day moving average price is $89.37 and its 200-day moving average price is $86.69.
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.
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