BlueStem Wealth Partners LLC Purchases 14,171 Shares of iShares Convertible Bond ETF $ICVT

BlueStem Wealth Partners LLC increased its position in iShares Convertible Bond ETF (BATS:ICVT) by 11.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 137,357 shares of the company’s stock after acquiring an additional 14,171 shares during the period. iShares Convertible Bond ETF comprises approximately 1.6% of BlueStem Wealth Partners LLC’s holdings, making the stock its 15th largest position. BlueStem Wealth Partners LLC owned approximately 0.49% of iShares Convertible Bond ETF worth $13,743,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Allianz Asset Management GmbH bought a new position in shares of iShares Convertible Bond ETF during the third quarter valued at $2,701,000. AMG National Trust Bank increased its holdings in iShares Convertible Bond ETF by 1.8% in the 3rd quarter. AMG National Trust Bank now owns 496,267 shares of the company’s stock worth $49,652,000 after buying an additional 8,715 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in iShares Convertible Bond ETF in the 2nd quarter worth about $2,278,000. Assetmark Inc. lifted its stake in iShares Convertible Bond ETF by 167.5% during the 3rd quarter. Assetmark Inc. now owns 214,298 shares of the company’s stock valued at $21,441,000 after acquiring an additional 134,193 shares during the period. Finally, AE Wealth Management LLC lifted its stake in iShares Convertible Bond ETF by 310.9% during the 2nd quarter. AE Wealth Management LLC now owns 48,905 shares of the company’s stock valued at $4,406,000 after acquiring an additional 37,004 shares during the period.

iShares Convertible Bond ETF Trading Up 0.8%

Shares of ICVT stock opened at $105.61 on Tuesday. The company has a 50 day moving average price of $103.05 and a 200-day moving average price of $100.42. iShares Convertible Bond ETF has a 52 week low of $77.02 and a 52 week 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.