iShares Convertible Bond ETF $ICVT Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 33.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,248,931 shares of the company’s stock after purchasing an additional 315,685 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares Convertible Bond ETF were worth $124,956,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of iShares Convertible Bond ETF in the 3rd quarter worth about $26,000. Sound Income Strategies LLC raised its position in iShares Convertible Bond ETF by 585.4% during the third quarter. Sound Income Strategies LLC now owns 281 shares of the company’s stock worth $29,000 after acquiring an additional 240 shares during the last quarter. Private Wealth Asset Management LLC purchased a new stake in shares of iShares Convertible Bond ETF in the second quarter valued at about $48,000. Ashton Thomas Securities LLC acquired a new stake in shares of iShares Convertible Bond ETF in the third quarter valued at approximately $62,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of iShares Convertible Bond ETF during the 2nd quarter worth approximately $84,000.

iShares Convertible Bond ETF Stock Performance

Shares of iShares Convertible Bond ETF stock opened at $104.15 on Friday. iShares Convertible Bond ETF has a 1 year low of $75.97 and a 1 year high of $93.29. The business has a 50 day moving average price of $101.29 and a 200 day moving average price of $98.93.

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.