Austin Private Wealth LLC Increases Stake in iShares Convertible Bond ETF (BATS:ICVT)

Austin Private Wealth LLC grew its position in iShares Convertible Bond ETF (BATS:ICVT) by 55.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,934 shares of the company’s stock after acquiring an additional 3,177 shares during the quarter. Austin Private Wealth LLC’s holdings in iShares Convertible Bond ETF were worth $759,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ICVT. Bank of Montreal Can raised its stake in shares of iShares Convertible Bond ETF by 857.2% in the second quarter. Bank of Montreal Can now owns 26,389 shares of the company’s stock valued at $2,088,000 after acquiring an additional 23,632 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Convertible Bond ETF by 20.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,637 shares of the company’s stock valued at $601,000 after acquiring an additional 1,279 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of iShares Convertible Bond ETF in the second quarter valued at $4,363,000. Mattson Financial Services LLC purchased a new stake in shares of iShares Convertible Bond ETF in the second quarter valued at $61,000. Finally, Duncan Williams Asset Management LLC purchased a new stake in shares of iShares Convertible Bond ETF in the third quarter valued at $335,000.

iShares Convertible Bond ETF Price Performance

Shares of ICVT opened at $87.77 on Friday. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18. The company’s fifty day simple moving average is $87.19 and its 200-day simple moving average is $84.04.

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.