UBS Group AG Raises Stake in iShares Convertible Bond ETF $ICVT

UBS Group AG increased its stake in iShares Convertible Bond ETF (BATS:ICVT) by 5.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 93,022 shares of the company’s stock after buying an additional 5,092 shares during the quarter. UBS Group AG owned 0.33% of iShares Convertible Bond ETF worth $9,163,000 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 the stock. Bank of America Corp DE boosted its holdings in shares of iShares Convertible Bond ETF by 3.2% in the 3rd quarter. Bank of America Corp DE now owns 2,647,316 shares of the company’s stock worth $264,864,000 after buying an additional 82,318 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in iShares Convertible Bond ETF by 33.8% during the third quarter. Envestnet Asset Management Inc. now owns 1,248,931 shares of the company’s stock valued at $124,956,000 after purchasing an additional 315,685 shares during the last quarter. AMG National Trust Bank lifted its holdings in iShares Convertible Bond ETF by 1.8% during the third quarter. AMG National Trust Bank now owns 496,267 shares of the company’s stock valued at $49,652,000 after purchasing an additional 8,715 shares during the last quarter. Greenleaf Trust boosted its position in iShares Convertible Bond ETF by 0.8% during the fourth quarter. Greenleaf Trust now owns 451,146 shares of the company’s stock worth $44,438,000 after purchasing an additional 3,596 shares during the period. Finally, Advisory Alpha LLC increased its stake in shares of iShares Convertible Bond ETF by 3.6% in the third quarter. Advisory Alpha LLC now owns 449,503 shares of the company’s stock worth $45,672,000 after purchasing an additional 15,566 shares in the last quarter.

iShares Convertible Bond ETF Trading Down 1.7%

ICVT opened at $117.19 on Friday. The firm has a 50-day moving average price of $108.24 and a 200-day moving average price of $104.01. iShares Convertible Bond ETF has a twelve month low of $86.32 and a twelve month high of $119.71.

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.