Independent Wealth Network Inc. Buys 397 Shares of iShares Convertible Bond ETF $ICVT

Independent Wealth Network Inc. raised its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 5.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,182 shares of the company’s stock after purchasing an additional 397 shares during the period. Independent Wealth Network Inc.’s holdings in iShares Convertible Bond ETF were worth $647,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in iShares Convertible Bond ETF by 3.7% during the first quarter. Envestnet Asset Management Inc. now owns 1,523,827 shares of the company’s stock valued at $127,407,000 after purchasing an additional 54,513 shares in the last quarter. Goldman Sachs Group Inc. raised its position in iShares Convertible Bond ETF by 36.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,252,000 shares of the company’s stock valued at $104,680,000 after purchasing an additional 334,100 shares in the last quarter. LPL Financial LLC raised its position in iShares Convertible Bond ETF by 0.3% during the first quarter. LPL Financial LLC now owns 948,047 shares of the company’s stock valued at $79,266,000 after purchasing an additional 2,707 shares in the last quarter. AMG National Trust Bank raised its position in iShares Convertible Bond ETF by 1.9% during the first quarter. AMG National Trust Bank now owns 488,995 shares of the company’s stock valued at $40,885,000 after purchasing an additional 9,173 shares in the last quarter. Finally, Greenleaf Trust raised its position in iShares Convertible Bond ETF by 3.0% during the first quarter. Greenleaf Trust now owns 443,129 shares of the company’s stock valued at $37,050,000 after purchasing an additional 12,717 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT opened at $98.85 on Friday. The firm has a 50 day simple moving average of $94.57 and a two-hundred day simple moving average of $89.03. iShares Convertible Bond ETF has a one year low of $75.97 and a one year high of $93.29.

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.