Allianz Asset Management GmbH Acquires Shares of 27,000 iShares Convertible Bond ETF $ICVT

Allianz Asset Management GmbH acquired a new stake in iShares Convertible Bond ETF (BATS:ICVT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,000 shares of the company’s stock, valued at approximately $2,701,000. Allianz Asset Management GmbH owned 0.10% of iShares Convertible Bond ETF at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of ICVT. Ocean Park Asset Management LLC bought a new position in shares of iShares Convertible Bond ETF during the third quarter worth approximately $22,001,000. Independence Financial Advisors LLC increased its stake in iShares Convertible Bond ETF by 244.1% during the 3rd quarter. Independence Financial Advisors LLC now owns 118,255 shares of the company’s stock worth $11,831,000 after acquiring an additional 83,886 shares during the period. Financial Gravity Companies Inc. acquired a new position in iShares Convertible Bond ETF in the 2nd quarter valued at $7,513,000. Systelligence LLC raised its holdings in iShares Convertible Bond ETF by 103.2% in the 2nd quarter. Systelligence LLC now owns 161,188 shares of the company’s stock valued at $14,523,000 after acquiring an additional 81,860 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in shares of iShares Convertible Bond ETF during the 3rd quarter valued at $7,397,000.

iShares Convertible Bond ETF Price Performance

ICVT stock opened at $104.40 on Thursday. The company’s 50-day moving average price is $101.62 and its two-hundred day moving average price is $99.22. iShares Convertible Bond ETF has a 12 month low of $77.02 and a 12 month high of $106.32.

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.