SteelPeak Wealth LLC Increases Position in iShares Convertible Bond ETF $ICVT

SteelPeak Wealth LLC raised its stake in iShares Convertible Bond ETF (BATS:ICVT) by 38.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 27,431 shares of the company’s stock after purchasing an additional 7,627 shares during the quarter. SteelPeak Wealth LLC’s holdings in iShares Convertible Bond ETF were worth $2,702,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Focus Partners Wealth purchased a new stake in shares of iShares Convertible Bond ETF in the first quarter valued at about $663,000. Creative Planning purchased a new position in iShares Convertible Bond ETF in the second quarter valued at approximately $350,000. Northwestern Mutual Wealth Management Co. lifted its position in iShares Convertible Bond ETF by 8.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,732 shares of the company’s stock worth $1,057,000 after acquiring an additional 936 shares in the last quarter. Lido Advisors LLC boosted its position in iShares Convertible Bond ETF by 41.6% in the 2nd quarter. Lido Advisors LLC now owns 4,503 shares of the company’s stock valued at $406,000 after buying an additional 1,324 shares during the last quarter. Finally, CW Advisors LLC lifted its holdings in iShares Convertible Bond ETF by 0.5% during the 2nd quarter. CW Advisors LLC now owns 35,684 shares of the company’s stock worth $3,215,000 after buying an additional 180 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

iShares Convertible Bond ETF stock opened at $103.89 on Friday. iShares Convertible Bond ETF has a one year low of $77.02 and a one year high of $106.32. The company has a 50-day simple moving average of $103.81 and a 200-day simple moving average of $101.78.

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.