Friedenthal Financial Invests $4.42 Million in iShares Convertible Bond ETF (BATS:ICVT)

Friedenthal Financial purchased a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 51,972 shares of the company’s stock, valued at approximately $4,416,000. iShares Convertible Bond ETF accounts for approximately 2.6% of Friedenthal Financial’s holdings, making the stock its 9th biggest position.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in shares of iShares Convertible Bond ETF by 25.9% in the 2nd 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 period. LPL Financial LLC grew its holdings in iShares Convertible Bond ETF by 8.4% in the second quarter. LPL Financial LLC now owns 503,155 shares of the company’s stock worth $39,563,000 after purchasing an additional 38,791 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of iShares Convertible Bond ETF by 9.0% during the second 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 in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Convertible Bond ETF by 14.5% during 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 last quarter. Finally, Ocean Park Asset Management LLC boosted its position in shares of iShares Convertible Bond ETF by 31.0% in the 2nd quarter. Ocean Park Asset Management LLC now owns 268,600 shares of the company’s stock worth $21,120,000 after purchasing an additional 63,500 shares in the last quarter.

iShares Convertible Bond ETF Stock Down 0.8 %

ICVT stock traded down $0.68 on Monday, reaching $84.90. 280,670 shares of the company traded hands. The firm has a fifty day simple moving average of $87.06 and a 200-day simple moving average of $83.28. iShares Convertible Bond ETF has a one year low of $50.43 and a one year high of $58.18.

About iShares Convertible Bond ETF

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.