Independence Financial Advisors LLC Acquires 8,444 Shares of iShares Convertible Bond ETF $ICVT

Independence Financial Advisors LLC lifted its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 6.0% during the 3rd quarter, Holdings Channel reports. The firm owned 149,820 shares of the company’s stock after purchasing an additional 8,444 shares during the period. iShares Convertible Bond ETF makes up 4.3% of Independence Financial Advisors LLC’s holdings, making the stock its 7th largest holding. Independence Financial Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $16,920,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ICVT. AMG National Trust Bank boosted its stake in shares of iShares Convertible Bond ETF by 7.4% in the first quarter. AMG National Trust Bank now owns 565,061 shares of the company’s stock valued at $57,518,000 after buying an additional 39,016 shares during the period. Ocean Park Asset Management LLC bought a new position in iShares Convertible Bond ETF during the 1st quarter worth $42,772,000. Prestige Wealth Management Group LLC increased its stake in iShares Convertible Bond ETF by 0.9% during the 1st quarter. Prestige Wealth Management Group LLC now owns 297,589 shares of the company’s stock worth $30,292,000 after acquiring an additional 2,570 shares during the period. Certified Advisory Corp raised its holdings in iShares Convertible Bond ETF by 2.5% in the 1st quarter. Certified Advisory Corp now owns 179,873 shares of the company’s stock valued at $18,309,000 after acquiring an additional 4,322 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its holdings in iShares Convertible Bond ETF by 5.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 178,460 shares of the company’s stock valued at $18,165,000 after acquiring an additional 8,480 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of BATS:ICVT traded down $1.58 during trading on Thursday, reaching $111.11. 620,886 shares of the company traded hands, compared to its average volume of 744,486. The company’s 50 day moving average is $114.71 and its two-hundred day moving average is $114.70. iShares Convertible Bond ETF has a 52 week low of $94.41 and a 52 week high of $126.56.

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.