iShares Convertible Bond ETF $ICVT Shares Purchased by Independence Financial Advisors LLC

Independence Financial Advisors LLC boosted its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 244.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,255 shares of the company’s stock after buying an additional 83,886 shares during the quarter. iShares Convertible Bond ETF accounts for approximately 3.6% of Independence Financial Advisors LLC’s portfolio, making the stock its 11th largest holding. Independence Financial Advisors LLC owned 0.42% of iShares Convertible Bond ETF worth $11,831,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of iShares Convertible Bond ETF during the 3rd quarter worth approximately $26,000. Sound Income Strategies LLC raised its holdings in iShares Convertible Bond ETF by 585.4% during the third quarter. Sound Income Strategies LLC now owns 281 shares of the company’s stock worth $29,000 after purchasing an additional 240 shares during the last quarter. Private Wealth Asset Management LLC acquired a new position in iShares Convertible Bond ETF during the second quarter worth $48,000. Hantz Financial Services Inc. purchased a new stake in iShares Convertible Bond ETF during the second quarter worth $84,000. Finally, Phillips Financial Management LLC acquired a new stake in iShares Convertible Bond ETF in the second quarter valued at $124,000.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT stock opened at $101.67 on Friday. iShares Convertible Bond ETF has a fifty-two week low of $75.97 and a fifty-two week high of $93.29. The business has a fifty day simple moving average of $99.73 and a 200-day simple moving average of $97.19.

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.