Belpointe Asset Management LLC Buys Shares of 2,933 iShares Convertible Bond ETF $ICVT

Belpointe Asset Management LLC acquired a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,933 shares of the company’s stock, valued at approximately $245,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ICVT. Snowden Capital Advisors LLC grew its position in iShares Convertible Bond ETF by 4.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 5,819 shares of the company’s stock valued at $494,000 after acquiring an additional 248 shares in the last quarter. Pettinga Financial Advisors LLC grew its position in iShares Convertible Bond ETF by 20.7% in the fourth quarter. Pettinga Financial Advisors LLC now owns 4,588 shares of the company’s stock valued at $390,000 after acquiring an additional 786 shares in the last quarter. Invst LLC grew its position in iShares Convertible Bond ETF by 68.8% in the fourth quarter. Invst LLC now owns 10,244 shares of the company’s stock valued at $870,000 after acquiring an additional 4,177 shares in the last quarter. Ascent Group LLC grew its position in iShares Convertible Bond ETF by 61.4% in the fourth quarter. Ascent Group LLC now owns 11,750 shares of the company’s stock valued at $998,000 after acquiring an additional 4,469 shares in the last quarter. Finally, United Advisor Group LLC acquired a new stake in iShares Convertible Bond ETF in the fourth quarter valued at approximately $744,000.

iShares Convertible Bond ETF Stock Up 15.1%

Shares of BATS:ICVT opened at $97.98 on Tuesday. iShares Convertible Bond ETF has a 52-week low of $75.97 and a 52-week high of $93.29. The company has a 50 day moving average of $93.19 and a two-hundred day moving average of $88.23.

About iShares Convertible Bond ETF

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.