Plan Group Financial LLC Raises Stock Position in iShares Convertible Bond ETF $ICVT

Plan Group Financial LLC raised its position in iShares Convertible Bond ETF (BATS:ICVT) by 57.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,490 shares of the company’s stock after purchasing an additional 17,046 shares during the period. iShares Convertible Bond ETF accounts for 1.2% of Plan Group Financial LLC’s investment portfolio, making the stock its 20th biggest position. Plan Group Financial LLC owned about 0.17% of iShares Convertible Bond ETF worth $4,651,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Ocean Park Asset Management LLC bought a new stake in iShares Convertible Bond ETF during the third quarter valued at $22,001,000. Independence Financial Advisors LLC raised its holdings in shares of iShares Convertible Bond ETF by 244.1% in the 3rd quarter. Independence Financial Advisors LLC now owns 118,255 shares of the company’s stock valued at $11,831,000 after acquiring an additional 83,886 shares in the last quarter. Financial Gravity Companies Inc. bought a new stake in shares of iShares Convertible Bond ETF during the 2nd quarter valued at about $7,513,000. Systelligence LLC grew its holdings in shares of iShares Convertible Bond ETF by 103.2% during the second quarter. Systelligence LLC now owns 161,188 shares of the company’s stock worth $14,523,000 after purchasing an additional 81,860 shares in the last quarter. Finally, Friedenthal Financial purchased a new position in shares of iShares Convertible Bond ETF during the second quarter worth about $4,289,000.

iShares Convertible Bond ETF Trading Up 20.8%

Shares of iShares Convertible Bond ETF stock opened at $102.80 on Wednesday. iShares Convertible Bond ETF has a 1 year low of $75.97 and a 1 year high of $93.29. The company has a 50 day simple moving average of $99.74 and a two-hundred day simple moving average of $97.43.

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.