Elequin Capital LP Makes New Investment in iShares Convertible Bond ETF $ICVT

Elequin Capital LP acquired a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,194 shares of the company’s stock, valued at approximately $4,121,000. iShares Convertible Bond ETF accounts for 0.2% of Elequin Capital LP’s investment portfolio, making the stock its 17th largest holding.

Several other institutional investors have also modified their holdings of ICVT. Steigerwald Gordon & Koch Inc. purchased a new position in shares of iShares Convertible Bond ETF in the 3rd quarter worth approximately $26,000. Sound Income Strategies LLC raised its holdings in iShares Convertible Bond ETF by 585.4% during the 3rd quarter. Sound Income Strategies LLC now owns 281 shares of the company’s stock valued at $29,000 after buying an additional 240 shares during the period. Huntington National Bank lifted its position in iShares Convertible Bond ETF by 54,600.0% in the third quarter. Huntington National Bank now owns 547 shares of the company’s stock worth $55,000 after buying an additional 546 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in iShares Convertible Bond ETF in the third quarter worth $62,000. Finally, Goldstein Advisors LLC purchased a new position in iShares Convertible Bond ETF during the third quarter worth $202,000.

iShares Convertible Bond ETF Trading Up 0.4%

ICVT stock opened at $102.40 on Friday. iShares Convertible Bond ETF has a twelve month low of $77.02 and a twelve month high of $106.32. The firm’s fifty day simple moving average is $103.71 and its two-hundred day simple moving average is $101.00.

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.