AMG National Trust Bank Boosts Stock Position in iShares Convertible Bond ETF $ICVT

AMG National Trust Bank increased its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 1.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 496,267 shares of the company’s stock after acquiring an additional 8,715 shares during the period. iShares Convertible Bond ETF accounts for about 1.2% of AMG National Trust Bank’s holdings, making the stock its 18th biggest holding. AMG National Trust Bank’s holdings in iShares Convertible Bond ETF were worth $49,652,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ICVT. Envestnet Asset Management Inc. raised its position in iShares Convertible Bond ETF by 33.8% during the third quarter. Envestnet Asset Management Inc. now owns 1,248,931 shares of the company’s stock worth $124,956,000 after acquiring an additional 315,685 shares during the period. New York Life Investment Management LLC grew its position in shares of iShares Convertible Bond ETF by 3.7% in the second quarter. New York Life Investment Management LLC now owns 456,391 shares of the company’s stock valued at $41,121,000 after purchasing an additional 16,440 shares during the period. Greenleaf Trust increased its stake in shares of iShares Convertible Bond ETF by 0.5% during the third quarter. Greenleaf Trust now owns 447,550 shares of the company’s stock worth $44,777,000 after purchasing an additional 2,270 shares in the last quarter. Baker Avenue Asset Management LP raised its position in shares of iShares Convertible Bond ETF by 2.2% during the 3rd quarter. Baker Avenue Asset Management LP now owns 323,857 shares of the company’s stock worth $32,402,000 after purchasing an additional 7,078 shares during the last quarter. Finally, Ocean Park Asset Management LLC purchased a new position in iShares Convertible Bond ETF in the 3rd quarter valued at about $22,001,000.

iShares Convertible Bond ETF Trading Down 0.2%

ICVT stock opened at $105.05 on Friday. iShares Convertible Bond ETF has a 12-month low of $77.02 and a 12-month high of $106.32. The business’s 50-day moving average is $102.26 and its 200 day moving average is $99.78.

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.