iShares Convertible Bond ETF (BATS:ICVT) Shares Acquired by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC boosted its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 83.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 418,271 shares of the company’s stock after acquiring an additional 190,400 shares during the period. iShares Convertible Bond ETF accounts for about 6.5% of Lebenthal Global Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Lebenthal Global Advisors LLC owned about 1.73% of iShares Convertible Bond ETF worth $35,540,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Susquehanna International Group LLP acquired a new position in iShares Convertible Bond ETF in the 2nd quarter valued at about $80,458,000. Assetmark Inc. raised its position in shares of iShares Convertible Bond ETF by 150.4% in the third quarter. Assetmark Inc. now owns 254,643 shares of the company’s stock valued at $21,306,000 after buying an additional 152,939 shares during the last quarter. Insight Wealth Strategies LLC purchased a new position in shares of iShares Convertible Bond ETF during the fourth quarter valued at approximately $10,815,000. Redhawk Wealth Advisors Inc. acquired a new stake in iShares Convertible Bond ETF during the fourth quarter worth approximately $9,321,000. Finally, Florin Court Capital LLP purchased a new stake in iShares Convertible Bond ETF in the 3rd quarter worth approximately $5,054,000.

iShares Convertible Bond ETF Price Performance

Shares of iShares Convertible Bond ETF stock opened at $87.31 on Monday. iShares Convertible Bond ETF has a fifty-two week low of $50.43 and a fifty-two week high of $58.18. The business’s fifty day moving average is $87.19 and its two-hundred day moving average is $83.83.

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.