iShares Convertible Bond ETF (BATS:ICVT) Stock Position Raised by Client First Investment Management LLC

Client First Investment Management LLC raised its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 271.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 42,595 shares of the company’s stock after buying an additional 31,120 shares during the period. iShares Convertible Bond ETF makes up about 2.3% of Client First Investment Management LLC’s portfolio, making the stock its 7th biggest holding. Client First Investment Management LLC’s holdings in iShares Convertible Bond ETF were worth $3,619,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ICVT. EverSource Wealth Advisors LLC lifted its position in shares of iShares Convertible Bond ETF by 210.6% during the second quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares during the last quarter. PSI Advisors LLC acquired a new stake in iShares Convertible Bond ETF during the fourth quarter valued at approximately $29,000. LGT Financial Advisors LLC lifted its holdings in iShares Convertible Bond ETF by 45.3% during the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after buying an additional 164 shares during the last quarter. Mattson Financial Services LLC acquired a new position in shares of iShares Convertible Bond ETF in the 2nd quarter worth approximately $61,000. Finally, Brown Financial Advisors acquired a new position in shares of iShares Convertible Bond ETF in the 2nd quarter worth approximately $95,000.

iShares Convertible Bond ETF Price Performance

ICVT stock opened at $87.01 on Friday. The stock’s 50 day simple moving average is $87.09 and its 200 day simple moving average is $83.49. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18.

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.