Elequin Capital LP Takes $4.12 Million Position in iShares Convertible Bond ETF $ICVT

Elequin Capital LP bought a new position in iShares Convertible Bond ETF (BATS:ICVT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 41,194 shares of the company’s stock, valued at approximately $4,121,000. iShares Convertible Bond ETF makes up about 0.2% of Elequin Capital LP’s holdings, making the stock its 17th biggest holding. Elequin Capital LP owned approximately 0.15% of iShares Convertible Bond ETF at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Steigerwald Gordon & Koch Inc. bought a new stake in iShares Convertible Bond ETF in the 3rd quarter valued at $26,000. Sound Income Strategies LLC boosted its holdings in shares of iShares Convertible Bond ETF by 585.4% during the 3rd quarter. Sound Income Strategies LLC now owns 281 shares of the company’s stock valued at $29,000 after purchasing an additional 240 shares during the last quarter. Huntington National Bank boosted its holdings in shares of iShares Convertible Bond ETF by 54,600.0% during the 3rd 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. Ashton Thomas Securities LLC purchased a new position in shares of iShares Convertible Bond ETF during the third quarter valued at about $62,000. Finally, Goldstein Advisors LLC bought a new stake in shares of iShares Convertible Bond ETF in the third quarter worth about $202,000.

iShares Convertible Bond ETF Stock Up 0.4%

Shares of ICVT stock opened at $102.40 on Friday. iShares Convertible Bond ETF has a 12-month low of $77.02 and a 12-month high of $106.32. The stock’s 50-day moving average price is $103.71 and its 200-day moving average price is $101.00.

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.