Sofi Wealth LLC Takes Position in iShares Convertible Bond ETF $ICVT

Sofi Wealth LLC bought a new stake in iShares Convertible Bond ETF (BATS:ICVT) in the 1st quarter, Holdings Channel.com reports. The firm bought 15,308 shares of the company’s stock, valued at approximately $1,558,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Focus Partners Wealth bought a new stake in iShares Convertible Bond ETF in the first quarter valued at approximately $663,000. Creative Planning acquired a new position in shares of iShares Convertible Bond ETF during the 2nd quarter worth approximately $350,000. Qube Research & Technologies Ltd increased its holdings in shares of iShares Convertible Bond ETF by 144.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,331 shares of the company’s stock worth $300,000 after acquiring an additional 1,969 shares during the last quarter. BNP Paribas Financial Markets raised its stake in iShares Convertible Bond ETF by 137.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 54,066 shares of the company’s stock valued at $4,871,000 after acquiring an additional 31,263 shares during the period. Finally, MML Investors Services LLC raised its stake in iShares Convertible Bond ETF by 7.5% in the 2nd quarter. MML Investors Services LLC now owns 143,831 shares of the company’s stock valued at $12,959,000 after acquiring an additional 9,991 shares during the period.

iShares Convertible Bond ETF Stock Down 2.0%

Shares of iShares Convertible Bond ETF stock opened at $113.65 on Friday. The business has a fifty day simple moving average of $119.17 and a two-hundred day simple moving average of $110.03. iShares Convertible Bond ETF has a 1 year low of $90.77 and a 1 year high of $126.56.

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.