Cornerstone Planning Group LLC boosted its stake in shares of iShares Convertible Bond ETF (BATS:ICVT – Free Report) by 5.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,460 shares of the company’s stock after purchasing an additional 8,480 shares during the quarter. iShares Convertible Bond ETF comprises 2.5% of Cornerstone Planning Group LLC’s holdings, making the stock its 7th largest holding. Cornerstone Planning Group LLC owned 0.64% of iShares Convertible Bond ETF worth $18,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cassilly Financial Group LLC purchased a new position in shares of iShares Convertible Bond ETF in the 4th quarter worth approximately $824,000. Ascent Group LLC raised its stake in shares of iShares Convertible Bond ETF by 25.8% during the 4th quarter. Ascent Group LLC now owns 30,816 shares of the company’s stock worth $3,035,000 after acquiring an additional 6,314 shares in the last quarter. JPMorgan Chase & Co. lifted its position in iShares Convertible Bond ETF by 13.6% during the third quarter. JPMorgan Chase & Co. now owns 215,078 shares of the company’s stock valued at $21,519,000 after acquiring an additional 25,807 shares during the last quarter. Park Avenue Securities LLC lifted its position in iShares Convertible Bond ETF by 19.9% during the fourth quarter. Park Avenue Securities LLC now owns 63,865 shares of the company’s stock valued at $6,291,000 after acquiring an additional 10,584 shares during the last quarter. Finally, Independence Financial Advisors LLC lifted its position in iShares Convertible Bond ETF by 4.3% during the fourth quarter. Independence Financial Advisors LLC now owns 123,306 shares of the company’s stock valued at $12,146,000 after acquiring an additional 5,051 shares during the last quarter.
iShares Convertible Bond ETF Stock Performance
Shares of ICVT opened at $113.74 on Friday. The company has a 50 day moving average of $119.11 and a two-hundred day moving average of $110.06. iShares Convertible Bond ETF has a twelve month low of $90.77 and a twelve month high of $126.56.
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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