Ridgewood Investments LLC grew its stake in iShares Convertible Bond ETF (BATS:ICVT – Free Report) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,800 shares of the company’s stock after purchasing an additional 238 shares during the period. Ridgewood Investments LLC’s holdings in iShares Convertible Bond ETF were worth $578,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in shares of iShares Convertible Bond ETF by 210.6% in the second quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock valued at $26,000 after purchasing an additional 219 shares during the period. LGT Financial Advisors LLC increased its holdings in shares of iShares Convertible Bond ETF by 45.3% in the third quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock valued at $44,000 after purchasing an additional 164 shares during the period. Mattson Financial Services LLC acquired a new position in iShares Convertible Bond ETF during the second quarter worth $61,000. Brown Financial Advisors purchased a new position in iShares Convertible Bond ETF in the second quarter worth $95,000. Finally, First Horizon Advisors Inc. lifted its holdings in iShares Convertible Bond ETF by 25.7% in the third quarter. First Horizon Advisors Inc. now owns 1,535 shares of the company’s stock valued at $129,000 after acquiring an additional 314 shares during the period.
iShares Convertible Bond ETF Stock Performance
Shares of ICVT traded down $0.32 during trading hours on Friday, reaching $85.58. The company had a trading volume of 642,628 shares. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18. The firm has a 50 day simple moving average of $87.02 and a 200-day simple moving average of $83.16.
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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