Friedenthal Financial Makes New Investment in iShares Convertible Bond ETF (BATS:ICVT)

Friedenthal Financial bought a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 51,972 shares of the company’s stock, valued at approximately $4,416,000. iShares Convertible Bond ETF makes up about 2.6% of Friedenthal Financial’s holdings, making the stock its 9th biggest holding. Friedenthal Financial owned about 0.21% of iShares Convertible Bond ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Icon Wealth Advisors LLC increased its holdings in iShares Convertible Bond ETF by 4.9% during the 3rd quarter. Icon Wealth Advisors LLC now owns 3,048 shares of the company’s stock worth $255,000 after acquiring an additional 142 shares during the period. Braun Bostich & Associates Inc. increased its holdings in shares of iShares Convertible Bond ETF by 3.8% in the third quarter. Braun Bostich & Associates Inc. now owns 4,198 shares of the company’s stock worth $351,000 after purchasing an additional 155 shares during the period. LGT Financial Advisors LLC raised its position in shares of iShares Convertible Bond ETF by 45.3% in the third quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after buying an additional 164 shares in the last quarter. Capital Wealth Management LLC boosted its stake in iShares Convertible Bond ETF by 0.4% during the third quarter. Capital Wealth Management LLC now owns 40,021 shares of the company’s stock valued at $3,349,000 after buying an additional 171 shares during the period. Finally, Richard W. Paul & Associates LLC grew its position in iShares Convertible Bond ETF by 1.7% during the third quarter. Richard W. Paul & Associates LLC now owns 10,511 shares of the company’s stock worth $879,000 after buying an additional 175 shares in the last quarter.

iShares Convertible Bond ETF Stock Down 0.8 %

Shares of BATS ICVT traded down $0.68 during midday trading on Monday, hitting $84.90. 280,670 shares of the company’s stock were exchanged. The business’s fifty day moving average price is $87.06 and its two-hundred day moving average price is $83.28. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month 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.