Hershey Financial Advisers LLC bought a new position in shares of iShares Convertible Bond ETF (BATS:ICVT – Free Report) during the first quarter, Holdings Channel reports. The fund bought 63,082 shares of the company’s stock, valued at approximately $6,421,000. iShares Convertible Bond ETF comprises 5.5% of Hershey Financial Advisers LLC’s portfolio, making the stock its largest position.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Advocates LLC boosted its holdings in iShares Convertible Bond ETF by 94.8% in the 4th quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock valued at $37,000 after purchasing an additional 181 shares during the period. Sunbelt Securities Inc. grew its position in shares of iShares Convertible Bond ETF by 36.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after purchasing an additional 104 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of iShares Convertible Bond ETF by 160.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock valued at $60,000 after purchasing an additional 376 shares in the last quarter. NBT Bank N A NY increased its holdings in shares of iShares Convertible Bond ETF by 527.3% in the first quarter. NBT Bank N A NY now owns 621 shares of the company’s stock worth $63,000 after purchasing an additional 522 shares during the period. Finally, Kingdom Financial Group LLC. bought a new position in shares of iShares Convertible Bond ETF in the fourth quarter worth $64,000.
iShares Convertible Bond ETF Trading Up 0.1%
Shares of ICVT stock opened at $113.74 on Friday. iShares Convertible Bond ETF has a 52-week low of $90.77 and a 52-week high of $126.56. The business’s fifty day moving average is $119.11 and its 200 day moving average is $110.06.
iShares Convertible Bond ETF 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.
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Want to see what other hedge funds are holding ICVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Convertible Bond ETF (BATS:ICVT – Free Report).
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