Mcmorgan & Co. LLC purchased a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 79,171 shares of the company’s stock, valued at approximately $8,059,000. iShares Convertible Bond ETF comprises 1.3% of Mcmorgan & Co. LLC’s holdings, making the stock its 19th biggest holding. Mcmorgan & Co. LLC owned approximately 0.28% of iShares Convertible Bond ETF as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Wealthfront Advisers LLC increased its position in shares of iShares Convertible Bond ETF by 10.2% in the first quarter. Wealthfront Advisers LLC now owns 3,993 shares of the company’s stock valued at $406,000 after acquiring an additional 368 shares during the period. Advisors Preferred LLC raised its stake in shares of iShares Convertible Bond ETF by 90.5% during the first quarter. Advisors Preferred LLC now owns 4,369 shares of the company’s stock valued at $445,000 after acquiring an additional 2,075 shares during the last quarter. Sigma Planning Corp boosted its holdings in shares of iShares Convertible Bond ETF by 15.9% during the first quarter. Sigma Planning Corp now owns 9,267 shares of the company’s stock worth $943,000 after purchasing an additional 1,270 shares during the period. AMG National Trust Bank boosted its holdings 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 during the period. Finally, HBW Advisory Services LLC bought a new stake in shares of iShares Convertible Bond ETF in the first quarter worth about $122,000.
iShares Convertible Bond ETF Price Performance
BATS ICVT opened at $116.00 on Thursday. iShares Convertible Bond ETF has a 1 year low of $90.77 and a 1 year high of $126.56. The business’s 50-day moving average is $119.23 and its 200 day moving average is $109.93.
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.
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