iShares Convertible Bond ETF (BATS:ICVT) Shares Acquired by Milestone Asset Management LLC

Milestone Asset Management LLC lifted its stake in iShares Convertible Bond ETF (BATS:ICVT) by 6.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,992 shares of the company’s stock after purchasing an additional 429 shares during the period. Milestone Asset Management LLC’s holdings in iShares Convertible Bond ETF were worth $594,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its holdings in iShares Convertible Bond ETF by 857.2% in the 2nd quarter. Bank of Montreal Can now owns 26,389 shares of the company’s stock valued at $2,088,000 after buying an additional 23,632 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of iShares Convertible Bond ETF by 109.6% in the second quarter. NewEdge Advisors LLC now owns 47,711 shares of the company’s stock valued at $3,751,000 after purchasing an additional 24,949 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in iShares Convertible Bond ETF by 20.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,637 shares of the company’s stock worth $601,000 after purchasing an additional 1,279 shares during the last quarter. Regal Investment Advisors LLC purchased a new position in iShares Convertible Bond ETF during the second quarter worth about $202,000. Finally, Brown Financial Advisors purchased a new stake in shares of iShares Convertible Bond ETF in the 2nd quarter valued at approximately $95,000.

iShares Convertible Bond ETF Stock Performance

Shares of BATS ICVT opened at $87.42 on Thursday. The company has a 50 day simple moving average of $87.20 and a 200-day simple moving average of $83.96. iShares Convertible Bond ETF has a 1 year low of $50.43 and a 1 year high of $58.18.

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.