Lane Brothers & Co. Inc. Makes New $523,000 Investment in iShares Convertible Bond ETF $ICVT

Lane Brothers & Co. Inc. acquired a new stake in iShares Convertible Bond ETF (BATS:ICVT) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,312 shares of the company’s stock, valued at approximately $523,000.

Several other large investors also recently modified their holdings of the stock. Strategic Advocates LLC lifted its stake in shares of iShares Convertible Bond ETF by 94.8% during the 4th quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock worth $37,000 after buying an additional 181 shares during the last quarter. Sunbelt Securities Inc. grew its stake in iShares Convertible Bond ETF by 36.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after buying an additional 104 shares during the last quarter. Huntington National Bank grew its stake in iShares Convertible Bond ETF by 54,600.0% in the 3rd quarter. Huntington National Bank now owns 547 shares of the company’s stock valued at $55,000 after buying an additional 546 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in iShares Convertible Bond ETF by 160.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock valued at $60,000 after acquiring an additional 376 shares during the period. Finally, Cape Investment Advisory Inc. raised its holdings in iShares Convertible Bond ETF by 73.1% in the 3rd quarter. Cape Investment Advisory Inc. now owns 611 shares of the company’s stock valued at $61,000 after acquiring an additional 258 shares during the period.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT stock opened at $124.25 on Friday. iShares Convertible Bond ETF has a 12-month low of $87.43 and a 12-month high of $125.55. The firm has a 50 day moving average price of $116.57 and a two-hundred day moving average price of $107.41.

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.