National Bank of Canada FI bought a new stake in iShares Convertible Bond ETF (BATS:ICVT – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 43,500 shares of the company’s stock, valued at approximately $3,637,000.
Several other institutional investors have also modified their holdings of the stock. Deutsche Bank AG purchased a new position in shares of iShares Convertible Bond ETF in the first quarter worth about $20,735,000. BlueStem Wealth Partners LLC boosted its position in iShares Convertible Bond ETF by 507.2% during the first quarter. BlueStem Wealth Partners LLC now owns 198,516 shares of the company’s stock worth $16,598,000 after acquiring an additional 165,825 shares during the last quarter. Bank of America Corp DE boosted its position in iShares Convertible Bond ETF by 5.9% during the fourth quarter. Bank of America Corp DE now owns 2,454,117 shares of the company’s stock worth $208,526,000 after acquiring an additional 136,263 shares during the last quarter. Jane Street Group LLC acquired a new position in iShares Convertible Bond ETF during the fourth quarter worth about $8,702,000. Finally, Raymond James Financial Inc. acquired a new position in iShares Convertible Bond ETF during the fourth quarter worth about $8,475,000.
iShares Convertible Bond ETF Stock Performance
ICVT opened at $92.79 on Friday. iShares Convertible Bond ETF has a twelve month low of $75.97 and a twelve month high of $93.29. The firm’s 50-day moving average price is $90.70 and its 200 day moving average price is $87.21.
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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