Baker Avenue Asset Management LP Boosts Holdings in iShares Convertible Bond ETF $ICVT

Baker Avenue Asset Management LP lifted its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 323,857 shares of the company’s stock after acquiring an additional 7,078 shares during the period. Baker Avenue Asset Management LP owned 1.16% of iShares Convertible Bond ETF worth $32,402,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Steigerwald Gordon & Koch Inc. acquired a new position in iShares Convertible Bond ETF during the third quarter worth approximately $26,000. Sound Income Strategies LLC increased its holdings in shares of iShares Convertible Bond ETF by 585.4% during the 3rd quarter. Sound Income Strategies LLC now owns 281 shares of the company’s stock worth $29,000 after buying an additional 240 shares during the last quarter. Private Wealth Asset Management LLC acquired a new stake in shares of iShares Convertible Bond ETF during the 2nd quarter worth $48,000. Ashton Thomas Securities LLC purchased a new position in shares of iShares Convertible Bond ETF in the 3rd quarter worth $62,000. Finally, Hantz Financial Services Inc. acquired a new position in iShares Convertible Bond ETF in the second quarter valued at $84,000.

iShares Convertible Bond ETF Stock Performance

Shares of BATS:ICVT opened at $103.79 on Friday. iShares Convertible Bond ETF has a 12 month low of $75.97 and a 12 month high of $93.29. The business has a 50-day moving average of $100.11 and a two-hundred day moving average of $98.07.

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.