Tidal Investments LLC Raises Stock Position in iShares Convertible Bond ETF $ICVT

Tidal Investments LLC lifted its stake in iShares Convertible Bond ETF (BATS:ICVT) by 135.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,401 shares of the company’s stock after purchasing an additional 6,558 shares during the period. Tidal Investments LLC’s holdings in iShares Convertible Bond ETF were worth $1,386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in iShares Convertible Bond ETF by 30.4% in the second quarter. NewEdge Advisors LLC now owns 85,064 shares of the company’s stock worth $10,356,000 after buying an additional 19,854 shares during the period. IFP Advisors Inc lifted its stake in shares of iShares Convertible Bond ETF by 43.4% in the 2nd quarter. IFP Advisors Inc now owns 43,742 shares of the company’s stock valued at $5,325,000 after purchasing an additional 13,241 shares during the period. Allianz Asset Management GmbH boosted its position in shares of iShares Convertible Bond ETF by 168.3% during the second quarter. Allianz Asset Management GmbH now owns 176,300 shares of the company’s stock valued at $21,463,000 after purchasing an additional 110,600 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of iShares Convertible Bond ETF during the second quarter valued at approximately $7,258,000. Finally, TD Waterhouse Canada Inc. grew its stake in iShares Convertible Bond ETF by 84.4% in the second quarter. TD Waterhouse Canada Inc. now owns 874 shares of the company’s stock worth $107,000 after purchasing an additional 400 shares during the period.

iShares Convertible Bond ETF Trading Up 0.3%

ICVT opened at $113.45 on Friday. The stock has a fifty day simple moving average of $114.89 and a two-hundred day simple moving average of $113.70. iShares Convertible Bond ETF has a 12-month low of $94.41 and a 12-month high of $126.56.

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