Park Avenue Securities LLC Purchases 8,360 Shares of iShares Convertible Bond ETF $ICVT

Park Avenue Securities LLC lifted its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 18.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 53,281 shares of the company’s stock after buying an additional 8,360 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares Convertible Bond ETF were worth $5,331,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its stake in shares of iShares Convertible Bond ETF by 36.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,252,000 shares of the company’s stock valued at $104,680,000 after acquiring an additional 334,100 shares during the last quarter. Ocean Park Asset Management LLC bought a new stake in shares of iShares Convertible Bond ETF in the third quarter worth $22,001,000. Insight Wealth Strategies LLC increased its holdings in iShares Convertible Bond ETF by 90.4% in the second quarter. Insight Wealth Strategies LLC now owns 245,103 shares of the company’s stock valued at $21,885,000 after purchasing an additional 116,343 shares during the period. Advance Capital Management Inc. bought a new position in iShares Convertible Bond ETF during the 2nd quarter worth $9,830,000. Finally, Financial Gravity Companies Inc. bought a new position in iShares Convertible Bond ETF during the 2nd quarter worth $7,513,000.

iShares Convertible Bond ETF Trading Up 18.9%

BATS ICVT opened at $101.20 on Friday. The business’s 50-day moving average price is $99.76 and its two-hundred day moving average price is $97.04. iShares Convertible Bond ETF has a 12 month low of $75.97 and a 12 month high of $93.29.

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.