Schuylkill Financial LLC Buys New Holdings in iShares Convertible Bond ETF $ICVT

Schuylkill Financial LLC bought a new stake in iShares Convertible Bond ETF (BATS:ICVT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,983 shares of the company’s stock, valued at approximately $2,257,000. iShares Convertible Bond ETF makes up about 2.2% of Schuylkill Financial LLC’s investment portfolio, making the stock its 11th largest position. Schuylkill Financial LLC owned approximately 0.07% of iShares Convertible Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of ICVT. AMG National Trust Bank boosted its position in shares of iShares Convertible Bond ETF by 7.4% during the first quarter. AMG National Trust Bank now owns 565,061 shares of the company’s stock worth $57,518,000 after purchasing an additional 39,016 shares in the last quarter. Prestige Wealth Management Group LLC increased its position in shares of iShares Convertible Bond ETF by 0.9% in the 1st quarter. Prestige Wealth Management Group LLC now owns 297,589 shares of the company’s stock valued at $30,292,000 after buying an additional 2,570 shares in the last quarter. Certified Advisory Corp raised its stake in iShares Convertible Bond ETF by 2.5% during the 1st quarter. Certified Advisory Corp now owns 179,873 shares of the company’s stock worth $18,309,000 after buying an additional 4,322 shares during the period. Cornerstone Planning Group LLC raised its stake in iShares Convertible Bond ETF by 5.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 178,460 shares of the company’s stock worth $18,165,000 after buying an additional 8,480 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in iShares Convertible Bond ETF by 168.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 176,300 shares of the company’s stock worth $21,463,000 after buying an additional 110,600 shares during the period.

iShares Convertible Bond ETF Stock Performance

ICVT stock traded up $0.79 during midday trading on Wednesday, hitting $106.94. 1,113,420 shares of the company’s stock were exchanged, compared to its average volume of 743,985. The stock’s fifty day moving average price is $113.48 and its 200-day moving average price is $115.08. iShares Convertible Bond ETF has a one year low of $94.41 and a one year high of $126.56.

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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.