Lane Brothers & Co. Inc. acquired a new position in shares of iShares Convertible Bond ETF (BATS:ICVT – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,312 shares of the company’s stock, valued at approximately $523,000.
Other large investors also recently made changes to their positions in the company. Tradewinds Capital Management LLC increased its holdings in iShares Convertible Bond ETF by 9,488.8% during the fourth quarter. Tradewinds Capital Management LLC now owns 189,666 shares of the company’s stock worth $18,682,000 after buying an additional 187,688 shares during the last quarter. LPL Financial LLC raised its position in iShares Convertible Bond ETF by 20.2% during the fourth quarter. LPL Financial LLC now owns 1,035,083 shares of the company’s stock worth $101,956,000 after acquiring an additional 174,077 shares in the last quarter. Systelligence LLC lifted its stake in iShares Convertible Bond ETF by 168.1% in the fourth quarter. Systelligence LLC now owns 219,777 shares of the company’s stock valued at $21,648,000 after acquiring an additional 137,808 shares during the last quarter. Jane Street Group LLC acquired a new stake in iShares Convertible Bond ETF in the fourth quarter valued at $13,564,000. Finally, OpenArc Corporate Advisory LLC bought a new position in shares of iShares Convertible Bond ETF in the 4th quarter valued at about $12,625,000.
iShares Convertible Bond ETF Stock Performance
iShares Convertible Bond ETF stock opened at $124.25 on Friday. The company’s 50-day moving average is $116.57 and its 200-day moving average is $107.41. iShares Convertible Bond ETF has a fifty-two week low of $87.43 and a fifty-two week high of $125.55.
About iShares Convertible Bond ETF
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.
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