Farther Finance Advisors LLC Buys 6,737 Shares of iShares Convertible Bond ETF $ICVT

Farther Finance Advisors LLC raised its stake in iShares Convertible Bond ETF (BATS:ICVT) by 74.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,806 shares of the company’s stock after acquiring an additional 6,737 shares during the period. Farther Finance Advisors LLC owned approximately 0.06% of iShares Convertible Bond ETF worth $1,557,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Focus Partners Wealth bought a new stake in iShares Convertible Bond ETF during the first quarter worth about $663,000. Creative Planning bought a new position in iShares Convertible Bond ETF in the second quarter valued at approximately $350,000. Qube Research & Technologies Ltd increased its stake in iShares Convertible Bond ETF by 144.6% in the second quarter. Qube Research & Technologies Ltd now owns 3,331 shares of the company’s stock valued at $300,000 after acquiring an additional 1,969 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in iShares Convertible Bond ETF by 137.1% during the second quarter. BNP Paribas Financial Markets now owns 54,066 shares of the company’s stock worth $4,871,000 after purchasing an additional 31,263 shares during the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of iShares Convertible Bond ETF by 7.5% in the 2nd quarter. MML Investors Services LLC now owns 143,831 shares of the company’s stock valued at $12,959,000 after purchasing an additional 9,991 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT stock opened at $112.35 on Tuesday. The business has a fifty day simple moving average of $104.83 and a 200 day simple moving average of $102.49. iShares Convertible Bond ETF has a twelve month low of $80.74 and a twelve month high of $112.60.

About iShares Convertible Bond ETF

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.