Diversify Wealth Management LLC Takes Position in iShares Convertible Bond ETF $ICVT

Diversify Wealth Management LLC acquired a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,236 shares of the company’s stock, valued at approximately $3,473,000. Diversify Wealth Management LLC owned 0.11% of iShares Convertible Bond ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Cassilly Financial Group LLC purchased a new position in iShares Convertible Bond ETF during the fourth quarter worth about $824,000. Ascent Group LLC grew its holdings in iShares Convertible Bond ETF by 25.8% in the 4th quarter. Ascent Group LLC now owns 30,816 shares of the company’s stock valued at $3,035,000 after buying an additional 6,314 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iShares Convertible Bond ETF by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 215,078 shares of the company’s stock valued at $21,519,000 after acquiring an additional 25,807 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of iShares Convertible Bond ETF by 19.9% during the 4th quarter. Park Avenue Securities LLC now owns 63,865 shares of the company’s stock valued at $6,291,000 after acquiring an additional 10,584 shares during the last quarter. Finally, Independence Financial Advisors LLC lifted its holdings in shares of iShares Convertible Bond ETF by 4.3% during the 4th quarter. Independence Financial Advisors LLC now owns 123,306 shares of the company’s stock worth $12,146,000 after acquiring an additional 5,051 shares during the period.

iShares Convertible Bond ETF Price Performance

ICVT opened at $117.92 on Monday. The company’s 50 day simple moving average is $119.19 and its 200 day simple moving average is $109.58. iShares Convertible Bond ETF has a 1 year low of $90.68 and a 1 year high of $126.56.

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.