6,836 Shares in iShares Convertible Bond ETF $ICVT Acquired by Independent Financial Group LLC

Independent Financial Group LLC acquired a new stake in iShares Convertible Bond ETF (BATS:ICVT) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,836 shares of the company’s stock, valued at approximately $696,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Cassilly Financial Group LLC bought a new position in shares of iShares Convertible Bond ETF in the 4th quarter valued at $824,000. Ascent Group LLC lifted its position in shares of iShares Convertible Bond ETF by 25.8% during the 4th quarter. Ascent Group LLC now owns 30,816 shares of the company’s stock worth $3,035,000 after buying an additional 6,314 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares Convertible Bond ETF by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 215,078 shares of the company’s stock worth $21,519,000 after buying an additional 25,807 shares during the last quarter. Independence Financial Advisors LLC boosted its stake in iShares Convertible Bond ETF by 4.3% in the fourth quarter. Independence Financial Advisors LLC now owns 123,306 shares of the company’s stock valued at $12,146,000 after buying an additional 5,051 shares in the last quarter. Finally, SteelPeak Wealth LLC boosted its stake in iShares Convertible Bond ETF by 38.5% in the fourth quarter. SteelPeak Wealth LLC now owns 27,431 shares of the company’s stock valued at $2,702,000 after buying an additional 7,627 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 2.2%

iShares Convertible Bond ETF stock opened at $116.72 on Wednesday. iShares Convertible Bond ETF has a 12-month low of $90.77 and a 12-month high of $126.56. The business’s 50-day moving average price is $119.02 and its two-hundred day moving average price is $110.37.

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.