Ocean Park Asset Management LLC Purchases Shares of 420,200 iShares Convertible Bond ETF $ICVT

Ocean Park Asset Management LLC purchased a new stake in iShares Convertible Bond ETF (BATS:ICVT) during the first quarter, HoldingsChannel reports. The institutional investor purchased 420,200 shares of the company’s stock, valued at approximately $42,772,000. iShares Convertible Bond ETF accounts for approximately 2.1% of Ocean Park Asset Management LLC’s holdings, making the stock its 11th biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of ICVT. Strategic Advocates LLC grew its holdings in shares of iShares Convertible Bond ETF by 94.8% during the fourth quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock worth $37,000 after buying an additional 181 shares in the last quarter. Sunbelt Securities Inc. raised its position 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 buying an additional 104 shares during the last quarter. Huntington National Bank raised its position 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 buying an additional 546 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in iShares Convertible Bond ETF by 160.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock valued at $60,000 after acquiring an additional 376 shares in the last quarter. Finally, Cape Investment Advisory Inc. lifted its stake 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 acquiring an additional 258 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

BATS:ICVT opened at $124.25 on Monday. iShares Convertible Bond ETF has a twelve month low of $87.43 and a twelve month high of $125.55. The business has a 50 day moving average price of $116.57 and a two-hundred day moving average price of $107.47.

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.