Webster Bank N. A. Has $615,000 Stake in iShares Convertible Bond ETF $ICVT

Webster Bank N. A. raised its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 1,320.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,039 shares of the company’s stock after purchasing an additional 5,614 shares during the quarter. Webster Bank N. A.’s holdings in iShares Convertible Bond ETF were worth $615,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ICVT. Ocean Park Asset Management LLC bought a new stake in iShares Convertible Bond ETF during the 1st quarter worth about $42,772,000. Tradewinds Capital Management LLC raised its position in iShares Convertible Bond ETF by 9,488.8% in the 4th quarter. Tradewinds Capital Management LLC now owns 189,666 shares of the company’s stock worth $18,682,000 after purchasing an additional 187,688 shares during the last quarter. LPL Financial LLC raised its position in iShares Convertible Bond ETF by 20.2% in the 4th quarter. LPL Financial LLC now owns 1,035,083 shares of the company’s stock worth $101,956,000 after purchasing an additional 174,077 shares during the last quarter. Systelligence LLC lifted its holdings in iShares Convertible Bond ETF by 168.1% during the 4th quarter. Systelligence LLC now owns 219,777 shares of the company’s stock worth $21,648,000 after buying an additional 137,808 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in iShares Convertible Bond ETF in the 4th quarter valued at $13,564,000.

iShares Convertible Bond ETF Price Performance

BATS ICVT opened at $124.27 on Tuesday. The stock has a fifty day moving average of $116.90 and a 200-day moving average of $107.65. iShares Convertible Bond ETF has a 52 week low of $87.43 and a 52 week high of $126.56.

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.