Independence Financial Advisors LLC Boosts Stock Position in iShares Convertible Bond ETF $ICVT

Independence Financial Advisors LLC lifted its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,306 shares of the company’s stock after purchasing an additional 5,051 shares during the period. iShares Convertible Bond ETF comprises 3.3% of Independence Financial Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Independence Financial Advisors LLC owned about 0.44% of iShares Convertible Bond ETF worth $12,146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in ICVT. Steigerwald Gordon & Koch Inc. purchased a new position in iShares Convertible Bond ETF during the third quarter worth about $26,000. Sound Income Strategies LLC raised its position in iShares Convertible Bond ETF by 585.4% in the third quarter. Sound Income Strategies LLC now owns 281 shares of the company’s stock valued at $29,000 after purchasing an additional 240 shares during the period. Sunbelt Securities Inc. lifted its stake in iShares Convertible Bond ETF by 36.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock worth $39,000 after acquiring an additional 104 shares in the last quarter. Huntington National Bank increased its stake in iShares Convertible Bond ETF by 54,600.0% during the 3rd quarter. Huntington National Bank now owns 547 shares of the company’s stock worth $55,000 after buying an additional 546 shares during the period. Finally, Cape Investment Advisory Inc. lifted its holdings in iShares Convertible Bond ETF by 73.1% during the 3rd quarter. Cape Investment Advisory Inc. now owns 611 shares of the company’s stock worth $61,000 after buying an additional 258 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

Shares of ICVT stock opened at $101.79 on Wednesday. iShares Convertible Bond ETF has a 52 week low of $77.02 and a 52 week high of $106.32. The firm has a 50 day moving average of $103.83 and a two-hundred day moving average of $101.69.

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.