Advisory Alpha LLC Raises Stock Holdings in iShares Convertible Bond ETF $ICVT

Advisory Alpha LLC increased its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 449,503 shares of the company’s stock after purchasing an additional 15,566 shares during the period. iShares Convertible Bond ETF accounts for 1.3% of Advisory Alpha LLC’s holdings, making the stock its 16th biggest holding. Advisory Alpha LLC’s holdings in iShares Convertible Bond ETF were worth $45,672,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ICVT. Steigerwald Gordon & Koch Inc. bought a new position in shares of iShares Convertible Bond ETF during the third quarter valued at approximately $26,000. Sound Income Strategies LLC lifted 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 valued at $29,000 after purchasing an additional 240 shares during the period. Huntington National Bank boosted its stake in shares of iShares Convertible Bond ETF by 54,600.0% during the 3rd quarter. Huntington National Bank now owns 547 shares of the company’s stock worth $55,000 after acquiring an additional 546 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in iShares Convertible Bond ETF during the third quarter worth $62,000. Finally, Hantz Financial Services Inc. acquired a new position in iShares Convertible Bond ETF in the 2nd quarter valued at $84,000.

iShares Convertible Bond ETF Stock Up 1.1%

Shares of iShares Convertible Bond ETF stock opened at $104.42 on Thursday. iShares Convertible Bond ETF has a 52 week low of $77.02 and a 52 week high of $106.32. The business’s fifty day simple moving average is $103.21 and its 200-day simple moving average is $100.52.

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.