Northwestern Mutual Wealth Management Co. Buys 14,272 Shares of iShares Convertible Bond ETF $ICVT

Northwestern Mutual Wealth Management Co. raised its stake in iShares Convertible Bond ETF (BATS:ICVT) by 86.1% during the fourth quarter, Holdings Channel reports. The fund owned 30,857 shares of the company’s stock after buying an additional 14,272 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Convertible Bond ETF were worth $3,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. CFS Investment Advisory Services LLC lifted its stake in iShares Convertible Bond ETF by 3.9% in the fourth quarter. CFS Investment Advisory Services LLC now owns 17,490 shares of the company’s stock valued at $1,723,000 after purchasing an additional 660 shares during the last quarter. Foundations Investment Advisors LLC increased its position in iShares Convertible Bond ETF by 2.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 64,645 shares of the company’s stock worth $6,368,000 after buying an additional 1,332 shares during the last quarter. Baker Avenue Asset Management LP raised its stake in shares of iShares Convertible Bond ETF by 3.8% in the fourth quarter. Baker Avenue Asset Management LP now owns 336,190 shares of the company’s stock valued at $33,115,000 after buying an additional 12,333 shares during the period. Huntington National Bank raised its stake in shares of iShares Convertible Bond ETF by 60.0% in the fourth quarter. Huntington National Bank now owns 875 shares of the company’s stock valued at $86,000 after buying an additional 328 shares during the period. Finally, Key Financial Inc lifted its position in shares of iShares Convertible Bond ETF by 1.3% during the 4th quarter. Key Financial Inc now owns 11,820 shares of the company’s stock valued at $1,164,000 after buying an additional 146 shares during the last quarter.

iShares Convertible Bond ETF Trading Up 0.1%

ICVT stock opened at $122.80 on Friday. The stock has a fifty day moving average of $112.78 and a 200-day moving average of $105.75. iShares Convertible Bond ETF has a fifty-two week low of $87.43 and a fifty-two week high of $124.22.

iShares Convertible Bond ETF Company 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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.