Traub Capital Management LLC Takes $267,000 Position in iShares Convertible Bond ETF $ICVT

Traub Capital Management LLC purchased a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,962 shares of the company’s stock, valued at approximately $267,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in shares of iShares Convertible Bond ETF by 36.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,252,000 shares of the company’s stock worth $104,680,000 after acquiring an additional 334,100 shares during the last quarter. Deutsche Bank AG acquired a new stake in iShares Convertible Bond ETF during the 1st quarter worth $20,735,000. BlueStem Wealth Partners LLC grew its position in iShares Convertible Bond ETF by 507.2% during the 1st quarter. BlueStem Wealth Partners LLC now owns 198,516 shares of the company’s stock worth $16,598,000 after purchasing an additional 165,825 shares during the last quarter. Insight Wealth Strategies LLC increased its stake in iShares Convertible Bond ETF by 90.4% in the second quarter. Insight Wealth Strategies LLC now owns 245,103 shares of the company’s stock valued at $21,885,000 after purchasing an additional 116,343 shares during the period. Finally, Advance Capital Management Inc. acquired a new position in iShares Convertible Bond ETF in the second quarter valued at $9,830,000.

iShares Convertible Bond ETF Trading Up 14.8%

Shares of ICVT opened at $97.74 on Wednesday. iShares Convertible Bond ETF has a fifty-two week low of $75.97 and a fifty-two week high of $93.29. The firm has a 50-day simple moving average of $100.82 and a 200-day simple moving average of $94.05.

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.