Panoramic Investment Advisors LLC purchased a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,965 shares of the company’s stock, valued at approximately $489,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ICVT. Sunbelt Securities Inc. grew its holdings in iShares Convertible Bond ETF by 36.5% during the third quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after purchasing an additional 104 shares during the last quarter. Huntington National Bank grew its holdings in iShares Convertible Bond ETF by 54,600.0% during the third quarter. Huntington National Bank now owns 547 shares of the company’s stock valued at $55,000 after purchasing an additional 546 shares during the last quarter. Cape Investment Advisory Inc. grew its holdings in iShares Convertible Bond ETF by 73.1% during the third quarter. Cape Investment Advisory Inc. now owns 611 shares of the company’s stock valued at $61,000 after purchasing an additional 258 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in iShares Convertible Bond ETF during the third quarter valued at approximately $62,000. Finally, Dorato Capital Management acquired a new position in iShares Convertible Bond ETF during the fourth quarter valued at approximately $190,000.
iShares Convertible Bond ETF Trading Up 0.5%
Shares of ICVT stock opened at $119.18 on Friday. iShares Convertible Bond ETF has a 12 month low of $86.32 and a 12 month high of $119.71. The business’s 50 day moving average is $107.98 and its two-hundred day moving average is $103.91.
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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