Spectrum Planning & Advisory Services Inc. Buys 23,479 Shares of iShares Convertible Bond ETF $ICVT

Spectrum Planning & Advisory Services Inc. lifted its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 541.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 27,819 shares of the company’s stock after acquiring an additional 23,479 shares during the period. iShares Convertible Bond ETF comprises 1.6% of Spectrum Planning & Advisory Services Inc.’s investment portfolio, making the stock its 20th largest position. Spectrum Planning & Advisory Services Inc.’s holdings in iShares Convertible Bond ETF were worth $2,507,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sowell Financial Services LLC bought a new stake in shares of iShares Convertible Bond ETF during the 1st quarter valued at approximately $271,000. Bank of New York Mellon Corp grew its holdings in shares of iShares Convertible Bond ETF by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 68,877 shares of the company’s stock valued at $5,759,000 after purchasing an additional 3,381 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in iShares Convertible Bond ETF by 8.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 67,499 shares of the company’s stock worth $5,644,000 after buying an additional 5,050 shares during the period. Deutsche Bank AG acquired a new stake in iShares Convertible Bond ETF during the 1st quarter worth approximately $20,735,000. Finally, Goldman Sachs Group Inc. boosted its position in iShares Convertible Bond ETF by 36.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,252,000 shares of the company’s stock worth $104,680,000 after buying an additional 334,100 shares during the period.

iShares Convertible Bond ETF Trading Up 16.7%

BATS:ICVT opened at $99.37 on Thursday. The firm’s 50 day simple moving average is $94.33 and its 200 day simple moving average is $88.89. iShares Convertible Bond ETF has a one year low of $75.97 and a one year high of $93.29.

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.