Lido Advisors LLC Buys 13,409 Shares of iShares Convertible Bond ETF $ICVT

Lido Advisors LLC increased its stake in iShares Convertible Bond ETF (BATS:ICVT) by 225.4% in the 1st quarter, Holdings Channel reports. The firm owned 19,358 shares of the company’s stock after purchasing an additional 13,409 shares during the period. Lido Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $1,970,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in ICVT. Prestige Wealth Management Group LLC grew its holdings in iShares Convertible Bond ETF by 0.9% during the first quarter. Prestige Wealth Management Group LLC now owns 297,589 shares of the company’s stock valued at $30,292,000 after purchasing an additional 2,570 shares during the last quarter. CacheTech Inc. boosted its holdings in shares of iShares Convertible Bond ETF by 1.1% during the 1st quarter. CacheTech Inc. now owns 141,110 shares of the company’s stock worth $14,364,000 after buying an additional 1,602 shares during the period. Parallel Advisors LLC grew its stake in iShares Convertible Bond ETF by 28.8% in the 1st quarter. Parallel Advisors LLC now owns 2,305 shares of the company’s stock valued at $235,000 after buying an additional 515 shares during the last quarter. Hershey Financial Advisers LLC acquired a new position in iShares Convertible Bond ETF during the 1st quarter worth $6,421,000. Finally, Aire Advisors LLC boosted its holdings in iShares Convertible Bond ETF by 1.6% during the first quarter. Aire Advisors LLC now owns 126,721 shares of the company’s stock valued at $12,899,000 after acquiring an additional 1,949 shares during the period.

iShares Convertible Bond ETF Price Performance

BATS ICVT opened at $113.75 on Monday. The stock has a 50-day simple moving average of $118.84 and a 200 day simple moving average of $110.70. iShares Convertible Bond ETF has a twelve month low of $90.77 and a twelve 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.