iShares Convertible Bond ETF $ICVT Shares Acquired by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP increased its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 336,190 shares of the company’s stock after purchasing an additional 12,333 shares during the quarter. iShares Convertible Bond ETF accounts for approximately 0.8% of Baker Avenue Asset Management LP’s holdings, making the stock its 28th biggest position. Baker Avenue Asset Management LP’s holdings in iShares Convertible Bond ETF were worth $33,115,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in shares of iShares Convertible Bond ETF by 3.2% during the third quarter. Bank of America Corp DE now owns 2,647,316 shares of the company’s stock worth $264,864,000 after purchasing an additional 82,318 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of 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 purchasing an additional 315,685 shares during the period. AMG National Trust Bank lifted its holdings in shares of iShares Convertible Bond ETF by 6.0% during the fourth quarter. AMG National Trust Bank now owns 526,045 shares of the company’s stock worth $51,815,000 after purchasing an additional 29,778 shares during the period. Greenleaf Trust lifted its holdings in shares of iShares Convertible Bond ETF by 0.8% during the fourth quarter. Greenleaf Trust now owns 451,146 shares of the company’s stock worth $44,438,000 after purchasing an additional 3,596 shares during the period. Finally, Advisory Alpha LLC lifted its holdings in shares of iShares Convertible Bond ETF by 3.6% during the third quarter. Advisory Alpha LLC now owns 449,503 shares of the company’s stock worth $45,672,000 after purchasing an additional 15,566 shares during the period.

iShares Convertible Bond ETF Stock Up 0.0%

Shares of BATS ICVT opened at $119.94 on Thursday. The stock has a fifty day moving average price of $110.57 and a 200 day moving average price of $104.84. iShares Convertible Bond ETF has a 1-year low of $86.48 and a 1-year high of $120.33.

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.