248,200 Shares of iShares Convertible Bond ETF $ICVT Bought by New York Life Investment Management LLC

New York Life Investment Management LLC bought a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) in the 3rd quarter, Holdings Channel.com reports. The firm bought 248,200 shares of the company’s stock, valued at approximately $28,030,000.

Other hedge funds have also recently bought and sold shares of the company. Allianz Asset Management GmbH raised its position in iShares Convertible Bond ETF by 168.3% in the second quarter. Allianz Asset Management GmbH now owns 176,300 shares of the company’s stock worth $21,463,000 after acquiring an additional 110,600 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in iShares Convertible Bond ETF in the 3rd quarter valued at about $9,594,000. Mcmorgan & Co. LLC acquired a new stake in iShares Convertible Bond ETF in the 1st quarter valued at about $8,059,000. Hershey Financial Advisers LLC bought a new position in shares of iShares Convertible Bond ETF during the 1st quarter valued at about $6,421,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of iShares Convertible Bond ETF during the 2nd quarter valued at about $7,258,000.

iShares Convertible Bond ETF Stock Down 0.9%

Shares of ICVT opened at $102.61 on Wednesday. The firm’s 50 day moving average is $109.98 and its 200-day moving average is $111.57. iShares Convertible Bond ETF has a 12-month low of $94.41 and a 12-month high of $126.56.

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.