Ridgewood Investments LLC Grows Stake in iShares Convertible Bond ETF (BATS:ICVT)

Ridgewood Investments LLC boosted its position in iShares Convertible Bond ETF (BATS:ICVT) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,800 shares of the company’s stock after purchasing an additional 238 shares during the period. Ridgewood Investments LLC’s holdings in iShares Convertible Bond ETF were worth $578,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in iShares Convertible Bond ETF in the 4th quarter valued at approximately $204,000. Range Financial Group LLC purchased a new position in iShares Convertible Bond ETF in the 4th quarter valued at approximately $264,000. Insight Wealth Strategies LLC purchased a new position in iShares Convertible Bond ETF in the 4th quarter valued at approximately $10,815,000. JPMorgan Chase & Co. increased its stake in iShares Convertible Bond ETF by 32.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,239 shares of the company’s stock valued at $19,097,000 after purchasing an additional 56,149 shares in the last quarter. Finally, Synovus Financial Corp purchased a new position in iShares Convertible Bond ETF during the third quarter worth $224,000.

iShares Convertible Bond ETF Stock Performance

iShares Convertible Bond ETF stock traded down $0.32 during mid-day trading on Friday, hitting $85.58. 642,628 shares of the company were exchanged. The business’s 50 day simple moving average is $87.02 and its two-hundred day simple moving average is $83.16. 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.