Quad Cities Investment Group LLC Grows Stake in iShares Convertible Bond ETF (BATS:ICVT)

Quad Cities Investment Group LLC raised its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,236 shares of the company’s stock after purchasing an additional 496 shares during the period. Quad Cities Investment Group LLC’s holdings in iShares Convertible Bond ETF were worth $955,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of iShares Convertible Bond ETF by 25.9% in the second quarter. Bank of New York Mellon Corp now owns 39,874 shares of the company’s stock worth $3,135,000 after buying an additional 8,202 shares during the last quarter. LPL Financial LLC lifted its position in iShares Convertible Bond ETF by 8.4% during the 2nd quarter. LPL Financial LLC now owns 503,155 shares of the company’s stock worth $39,563,000 after acquiring an additional 38,791 shares during the period. Oppenheimer Asset Management Inc. grew its stake in iShares Convertible Bond ETF by 9.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 34,751 shares of the company’s stock valued at $2,732,000 after purchasing an additional 2,864 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares Convertible Bond ETF by 14.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,094,735 shares of the company’s stock valued at $86,079,000 after purchasing an additional 138,493 shares during the period. Finally, Perissos Private Wealth Management LLC increased its holdings in shares of iShares Convertible Bond ETF by 33.3% in the second quarter. Perissos Private Wealth Management LLC now owns 20,545 shares of the company’s stock valued at $1,615,000 after purchasing an additional 5,128 shares during the period.

iShares Convertible Bond ETF Stock Down 0.3 %

iShares Convertible Bond ETF stock opened at $84.61 on Tuesday. The stock has a 50-day moving average price of $87.08 and a 200 day moving average price of $83.32. iShares Convertible Bond ETF has a 52 week low of $50.43 and a 52 week high of $58.18.

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.