iShares Convertible Bond ETF $ICVT Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in iShares Convertible Bond ETF (BATS:ICVT) by 13.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,078 shares of the company’s stock after purchasing an additional 25,807 shares during the quarter. JPMorgan Chase & Co. owned about 0.77% of iShares Convertible Bond ETF worth $21,519,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of iShares Convertible Bond ETF by 33.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,248,931 shares of the company’s stock valued at $124,956,000 after buying an additional 315,685 shares during the last quarter. Ocean Park Asset Management LLC bought a new stake in shares of iShares Convertible Bond ETF in the third quarter worth $22,001,000. Assetmark Inc. increased its stake in shares of iShares Convertible Bond ETF by 167.5% in the third quarter. Assetmark Inc. now owns 214,298 shares of the company’s stock worth $21,441,000 after buying an additional 134,193 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in iShares Convertible Bond ETF by 56.5% in the third quarter. Ameriprise Financial Inc. now owns 253,645 shares of the company’s stock valued at $25,525,000 after acquiring an additional 91,575 shares in the last quarter. Finally, Independence Financial Advisors LLC raised its holdings in iShares Convertible Bond ETF by 244.1% in the third quarter. Independence Financial Advisors LLC now owns 118,255 shares of the company’s stock valued at $11,831,000 after acquiring an additional 83,886 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 0.5%

BATS ICVT opened at $103.66 on Wednesday. iShares Convertible Bond ETF has a 12 month low of $77.02 and a 12 month high of $106.32. The company’s fifty day moving average price is $103.98 and its two-hundred day moving average price is $101.51.

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.