Van Hulzen Asset Management LLC boosted its stake in iShares Convertible Bond ETF (BATS:ICVT – Free Report) by 249.0% in the 4th quarter, Holdings Channel reports. The firm owned 9,733 shares of the company’s stock after purchasing an additional 6,944 shares during the period. Van Hulzen Asset Management LLC’s holdings in iShares Convertible Bond ETF were worth $959,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. increased its holdings in iShares Convertible Bond ETF by 36.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after purchasing an additional 104 shares during the last quarter. Huntington National Bank increased its holdings in iShares Convertible Bond ETF by 54,600.0% in 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. Cape Investment Advisory Inc. increased its holdings in iShares Convertible Bond ETF by 73.1% in the 3rd quarter. Cape Investment Advisory Inc. now owns 611 shares of the company’s stock valued at $61,000 after purchasing an additional 258 shares during the last quarter. Dorato Capital Management acquired a new stake in iShares Convertible Bond ETF in the 4th quarter valued at approximately $190,000. Finally, Ethos Financial Group LLC acquired a new stake in iShares Convertible Bond ETF in the 4th quarter valued at approximately $200,000.
iShares Convertible Bond ETF Stock Performance
BATS:ICVT opened at $118.38 on Friday. The company has a fifty day simple moving average of $109.57 and a two-hundred day simple moving average of $104.47. iShares Convertible Bond ETF has a 52 week low of $86.32 and a 52 week high of $119.71.
iShares Convertible Bond ETF Company 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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