Friedenthal Financial Makes New Investment in iShares Convertible Bond ETF $ICVT

Friedenthal Financial bought a new stake in iShares Convertible Bond ETF (BATS:ICVT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 42,557 shares of the company’s stock, valued at approximately $4,192,000. iShares Convertible Bond ETF comprises 2.2% of Friedenthal Financial’s investment portfolio, making the stock its 13th biggest position. Friedenthal Financial owned about 0.15% of iShares Convertible Bond ETF as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Focus Partners Wealth acquired a new stake in iShares Convertible Bond ETF during the 1st quarter worth approximately $663,000. Creative Planning acquired a new position in iShares Convertible Bond ETF during the second quarter worth approximately $350,000. Qube Research & Technologies Ltd increased its stake in iShares Convertible Bond ETF by 144.6% in the second quarter. Qube Research & Technologies Ltd now owns 3,331 shares of the company’s stock valued at $300,000 after purchasing an additional 1,969 shares during the period. BNP Paribas Financial Markets increased its stake in iShares Convertible Bond ETF by 137.1% in the second quarter. BNP Paribas Financial Markets now owns 54,066 shares of the company’s stock valued at $4,871,000 after purchasing an additional 31,263 shares during the period. Finally, MML Investors Services LLC increased its holdings in shares of iShares Convertible Bond ETF by 7.5% in the second quarter. MML Investors Services LLC now owns 143,831 shares of the company’s stock valued at $12,959,000 after purchasing an additional 9,991 shares during the period.

iShares Convertible Bond ETF Trading Up 0.8%

Shares of iShares Convertible Bond ETF stock opened at $112.06 on Friday. The company’s 50-day simple moving average is $104.68 and its 200-day simple moving average is $102.40. iShares Convertible Bond ETF has a 52-week low of $80.74 and a 52-week high of $112.60.

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.