Gries Financial LLC Increases Position in iShares Convertible Bond ETF (BATS:ICVT)

Gries Financial LLC lifted its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 20.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,113 shares of the company’s stock after buying an additional 1,916 shares during the period. Gries Financial LLC’s holdings in iShares Convertible Bond ETF were worth $944,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of Montreal Can raised its holdings in shares of iShares Convertible Bond ETF by 857.2% in the 2nd quarter. Bank of Montreal Can now owns 26,389 shares of the company’s stock worth $2,088,000 after purchasing an additional 23,632 shares during the period. NewEdge Advisors LLC raised its holdings in iShares Convertible Bond ETF by 109.6% during the 2nd quarter. NewEdge Advisors LLC now owns 47,711 shares of the company’s stock valued at $3,751,000 after acquiring an additional 24,949 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in iShares Convertible Bond ETF by 20.1% during the 2nd 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. Regal Investment Advisors LLC bought a new stake in iShares Convertible Bond ETF during the 2nd quarter valued at $202,000. Finally, Brown Financial Advisors purchased a new position in shares of iShares Convertible Bond ETF during the 2nd quarter valued at $95,000.

iShares Convertible Bond ETF Stock Performance

BATS ICVT opened at $87.42 on Thursday. The company has a 50-day simple moving average of $87.20 and a two-hundred day simple moving average of $83.96. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month 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.