Yorktown Management & Research Co Inc Makes New Investment in iShares Convertible Bond ETF $ICVT

Yorktown Management & Research Co Inc acquired a new position in iShares Convertible Bond ETF (BATS:ICVT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $5,002,000. iShares Convertible Bond ETF makes up 4.0% of Yorktown Management & Research Co Inc’s portfolio, making the stock its largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in ICVT. New York Life Investment Management LLC increased its holdings in iShares Convertible Bond ETF by 3.7% in the 2nd quarter. New York Life Investment Management LLC now owns 456,391 shares of the company’s stock valued at $41,121,000 after purchasing an additional 16,440 shares in the last quarter. Greenleaf Trust boosted its position in shares of iShares Convertible Bond ETF by 0.5% in the third quarter. Greenleaf Trust now owns 447,550 shares of the company’s stock worth $44,777,000 after buying an additional 2,270 shares during the period. Baker Avenue Asset Management LP grew its stake in shares of iShares Convertible Bond ETF by 0.3% in the second quarter. Baker Avenue Asset Management LP now owns 316,779 shares of the company’s stock valued at $28,542,000 after buying an additional 802 shares in the last quarter. Ocean Park Asset Management LLC acquired a new stake in shares of iShares Convertible Bond ETF in the third quarter valued at about $22,001,000. Finally, Osaic Holdings Inc. lifted its position in iShares Convertible Bond ETF by 1.6% during the 2nd quarter. Osaic Holdings Inc. now owns 208,641 shares of the company’s stock worth $18,729,000 after acquiring an additional 3,330 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

BATS ICVT opened at $103.53 on Friday. iShares Convertible Bond ETF has a fifty-two week low of $75.97 and a fifty-two week high of $93.29. The business has a 50 day moving average price of $99.81 and a two-hundred day moving average price of $97.66.

iShares Convertible Bond ETF Company 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.