SteelPeak Wealth LLC Buys 7,627 Shares of iShares Convertible Bond ETF $ICVT

SteelPeak Wealth LLC increased its position in iShares Convertible Bond ETF (BATS:ICVT) by 38.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,431 shares of the company’s stock after buying an additional 7,627 shares during the period. SteelPeak Wealth LLC owned 0.10% of iShares Convertible Bond ETF worth $2,702,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH bought a new position in shares of iShares Convertible Bond ETF in the 3rd quarter valued at about $2,701,000. AMG National Trust Bank lifted its holdings in shares of 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 acquiring an additional 8,715 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in iShares Convertible Bond ETF during the 2nd quarter valued at about $2,278,000. Cassilly Financial Group LLC purchased a new stake in iShares Convertible Bond ETF in the 4th quarter worth about $824,000. Finally, Arete Wealth Advisors LLC lifted its stake in shares of iShares Convertible Bond ETF by 328.4% during the 3rd quarter. Arete Wealth Advisors LLC now owns 10,497 shares of the company’s stock worth $1,051,000 after acquiring an additional 8,047 shares during the last quarter.

iShares Convertible Bond ETF Price Performance

Shares of BATS ICVT opened at $103.89 on Friday. The business has a fifty day simple moving average of $103.81 and a two-hundred day simple moving average of $101.78. iShares Convertible Bond ETF has a twelve month low of $77.02 and a twelve month high of $106.32.

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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.