Private Wealth Asset Management LLC Invests $48,000 in iShares Convertible Bond ETF $ICVT

Private Wealth Asset Management LLC acquired a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 528 shares of the company’s stock, valued at approximately $48,000.

Several other hedge funds also recently bought and sold shares of ICVT. Envestnet Asset Management Inc. raised its stake in shares of iShares Convertible Bond ETF by 3.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,523,827 shares of the company’s stock worth $127,407,000 after purchasing an additional 54,513 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in iShares Convertible Bond ETF by 36.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,252,000 shares of the company’s stock worth $104,680,000 after buying an additional 334,100 shares during the last quarter. LPL Financial LLC increased its holdings in iShares Convertible Bond ETF by 0.3% in the first quarter. LPL Financial LLC now owns 948,047 shares of the company’s stock worth $79,266,000 after buying an additional 2,707 shares during the last quarter. AMG National Trust Bank raised its position in iShares Convertible Bond ETF by 1.9% during the first quarter. AMG National Trust Bank now owns 488,995 shares of the company’s stock valued at $40,885,000 after acquiring an additional 9,173 shares in the last quarter. Finally, Greenleaf Trust lifted its stake in iShares Convertible Bond ETF by 0.5% in the second quarter. Greenleaf Trust now owns 445,280 shares of the company’s stock valued at $40,120,000 after acquiring an additional 2,151 shares during the last quarter.

iShares Convertible Bond ETF Price Performance

ICVT stock opened at $103.42 on Thursday. The firm has a 50 day moving average of $96.97 and a two-hundred day moving average of $90.62. iShares Convertible Bond ETF has a 12 month low of $75.97 and a 12 month high of $93.29.

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.