World Investment Advisors Invests $414,000 in iShares Convertible Bond ETF $ICVT

World Investment Advisors bought a new position in iShares Convertible Bond ETF (BATS:ICVT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,200 shares of the company’s stock, valued at approximately $414,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cassilly Financial Group LLC acquired a new position in shares of iShares Convertible Bond ETF during the 4th quarter valued at $824,000. Arete Wealth Advisors LLC increased its holdings 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. Ascent Group LLC increased 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 purchasing an additional 6,314 shares in the last quarter. Planwiser Financial LLC raised its position in iShares Convertible Bond ETF by 58.8% in the third quarter. Planwiser Financial LLC now owns 39,749 shares of the company’s stock valued at $4,119,000 after purchasing an additional 14,717 shares during the period. Finally, BlueStem Wealth Partners LLC raised its position in iShares Convertible Bond ETF by 11.5% in the third quarter. BlueStem Wealth Partners LLC now owns 137,357 shares of the company’s stock valued at $13,743,000 after purchasing an additional 14,171 shares during the period.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT opened at $120.56 on Thursday. iShares Convertible Bond ETF has a 12 month low of $89.00 and a 12 month high of $126.56. The stock’s 50-day moving average is $117.43 and its two-hundred day moving average is $107.95.

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.