UBS Group AG Increases Stock Holdings in iShares Convertible Bond ETF $ICVT

UBS Group AG lifted its position in iShares Convertible Bond ETF (BATS:ICVT) by 5.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 93,022 shares of the company’s stock after purchasing an additional 5,092 shares during the period. UBS Group AG’s holdings in iShares Convertible Bond ETF were worth $9,163,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. increased its position in shares of iShares Convertible Bond ETF by 36.5% in the third quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock worth $39,000 after purchasing an additional 104 shares during the last quarter. Huntington National Bank increased its position in shares of iShares Convertible Bond ETF by 54,600.0% in the third quarter. Huntington National Bank now owns 547 shares of the company’s stock worth $55,000 after purchasing an additional 546 shares during the last quarter. Cape Investment Advisory Inc. increased its position in shares of iShares Convertible Bond ETF by 73.1% in the third quarter. Cape Investment Advisory Inc. now owns 611 shares of the company’s stock worth $61,000 after purchasing an additional 258 shares during the last quarter. Dorato Capital Management bought a new position in shares of iShares Convertible Bond ETF in the fourth quarter worth approximately $190,000. Finally, Ethos Financial Group LLC bought a new position in shares of iShares Convertible Bond ETF in the fourth quarter worth approximately $200,000.

iShares Convertible Bond ETF Trading Down 1.7%

ICVT opened at $117.19 on Friday. The stock has a 50-day moving average price of $108.24 and a 200-day moving average price of $104.01. iShares Convertible Bond ETF has a 12-month low of $86.32 and a 12-month high of $119.71.

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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.