iShares Convertible Bond ETF $ICVT Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC raised its stake in iShares Convertible Bond ETF (BATS:ICVT) by 19.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 63,865 shares of the company’s stock after buying an additional 10,584 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares Convertible Bond ETF were worth $6,291,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Allianz Asset Management GmbH purchased a new stake in shares of iShares Convertible Bond ETF during the 3rd quarter worth approximately $2,701,000. AMG National Trust Bank grew its holdings in shares of iShares Convertible Bond ETF by 1.8% in the 3rd quarter. AMG National Trust Bank now owns 496,267 shares of the company’s stock worth $49,652,000 after acquiring an additional 8,715 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in iShares Convertible Bond ETF in the 2nd quarter valued at approximately $2,278,000. Arete Wealth Advisors LLC increased its stake in iShares Convertible Bond ETF by 328.4% in the 3rd quarter. Arete Wealth Advisors LLC now owns 10,497 shares of the company’s stock valued at $1,051,000 after purchasing an additional 8,047 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in iShares Convertible Bond ETF by 167.5% during the third quarter. Assetmark Inc. now owns 214,298 shares of the company’s stock worth $21,441,000 after purchasing an additional 134,193 shares during the last quarter.

iShares Convertible Bond ETF Trading Down 2.2%

ICVT opened at $102.46 on Friday. The business’s fifty day moving average is $103.95 and its two-hundred day moving average is $101.34. iShares Convertible Bond ETF has a one year low of $77.02 and a one year high of $106.32.

About iShares Convertible Bond ETF

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.