Oppenheimer & Co. Inc. bought a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT – Free Report) in the third quarter, Holdings Channel reports. The institutional investor bought 6,322 shares of the company’s stock, valued at approximately $714,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in shares of iShares Convertible Bond ETF in the first quarter valued at $58,000. NBT Bank N A NY raised its stake in iShares Convertible Bond ETF by 527.3% during the first quarter. NBT Bank N A NY now owns 621 shares of the company’s stock valued at $63,000 after purchasing an additional 522 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in iShares Convertible Bond ETF by 84.4% during the second quarter. TD Waterhouse Canada Inc. now owns 874 shares of the company’s stock valued at $107,000 after purchasing an additional 400 shares during the last quarter. Root Financial Partners LLC bought a new position in iShares Convertible Bond ETF during the third quarter valued at $125,000. Finally, Continuum Advisory LLC bought a new position in iShares Convertible Bond ETF during the second quarter valued at $144,000.
iShares Convertible Bond ETF Stock Performance
Shares of BATS ICVT opened at $104.19 on Thursday. iShares Convertible Bond ETF has a 12-month low of $94.41 and a 12-month high of $126.56. The firm’s 50-day moving average price is $111.01 and its 200-day moving average price is $111.60.
iShares Convertible Bond ETF Company 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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