Cobblestone Asset Management LLC Makes New $239,000 Investment in iShares Convertible Bond ETF (BATS:ICVT)

Cobblestone Asset Management LLC purchased a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,808 shares of the company’s stock, valued at approximately $239,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of iShares Convertible Bond ETF by 3.7% during the 4th quarter. Blue Trust Inc. now owns 8,739 shares of the company’s stock worth $731,000 after acquiring an additional 314 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in iShares Convertible Bond ETF during the fourth quarter worth approximately $268,000. SWP Financial LLC acquired a new position in iShares Convertible Bond ETF during the fourth quarter valued at approximately $1,556,000. KFG Wealth Management LLC bought a new position in shares of iShares Convertible Bond ETF in the fourth quarter valued at approximately $2,680,000. Finally, Duncan Williams Asset Management LLC lifted its stake in shares of iShares Convertible Bond ETF by 34.3% in the fourth quarter. Duncan Williams Asset Management LLC now owns 5,372 shares of the company’s stock worth $456,000 after buying an additional 1,371 shares during the last quarter.

iShares Convertible Bond ETF Trading Up 3.1 %

BATS:ICVT opened at $87.81 on Monday. iShares Convertible Bond ETF has a 1 year low of $50.43 and a 1 year high of $58.18. The firm’s fifty day simple moving average is $87.19 and its 200 day simple moving average is $83.83.

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.