AMG National Trust Bank Acquires 39,016 Shares of iShares Convertible Bond ETF $ICVT

AMG National Trust Bank raised its stake in iShares Convertible Bond ETF (BATS:ICVT) by 7.4% in the first quarter, Holdings Channel reports. The fund owned 565,061 shares of the company’s stock after purchasing an additional 39,016 shares during the quarter. iShares Convertible Bond ETF accounts for approximately 1.2% of AMG National Trust Bank’s investment portfolio, making the stock its 16th largest holding. AMG National Trust Bank’s holdings in iShares Convertible Bond ETF were worth $57,518,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ICVT. Sunbelt Securities Inc. increased its holdings in iShares Convertible Bond ETF by 36.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock worth $39,000 after purchasing an additional 104 shares in the last quarter. Csenge Advisory Group increased its holdings in iShares Convertible Bond ETF by 4.5% in the fourth quarter. Csenge Advisory Group now owns 3,071 shares of the company’s stock worth $302,000 after purchasing an additional 131 shares in the last quarter. Sowell Financial Services LLC lifted its stake in iShares Convertible Bond ETF by 5.1% in the fourth quarter. Sowell Financial Services LLC now owns 2,969 shares of the company’s stock valued at $292,000 after buying an additional 143 shares during the period. Key Financial Inc lifted its stake in iShares Convertible Bond ETF by 1.3% in the fourth quarter. Key Financial Inc now owns 11,820 shares of the company’s stock valued at $1,164,000 after buying an additional 146 shares during the period. Finally, Invst LLC boosted its holdings in shares of iShares Convertible Bond ETF by 2.9% during the 4th quarter. Invst LLC now owns 5,290 shares of the company’s stock worth $521,000 after buying an additional 147 shares in the last quarter.

iShares Convertible Bond ETF Trading Down 1.3%

BATS:ICVT opened at $116.38 on Tuesday. iShares Convertible Bond ETF has a twelve month low of $90.77 and a twelve month high of $126.56. The company has a fifty day moving average of $119.26 and a 200-day moving average of $109.70.

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.