Ehrlich Financial Group Grows Position in iShares Convertible Bond ETF (BATS:ICVT)

Ehrlich Financial Group grew its stake in iShares Convertible Bond ETF (BATS:ICVT) by 22.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,521 shares of the company’s stock after acquiring an additional 636 shares during the quarter. Ehrlich Financial Group’s holdings in iShares Convertible Bond ETF were worth $299,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ICVT. Friedenthal Financial purchased a new stake in shares of iShares Convertible Bond ETF during the fourth quarter worth about $4,416,000. Claro Advisors LLC acquired a new position in shares of iShares Convertible Bond ETF during the 4th quarter valued at about $220,000. Ridgewood Investments LLC lifted its holdings in shares of iShares Convertible Bond ETF by 3.6% during the 4th quarter. Ridgewood Investments LLC now owns 6,800 shares of the company’s stock worth $578,000 after acquiring an additional 238 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of iShares Convertible Bond ETF in the fourth quarter worth approximately $204,000. Finally, Range Financial Group LLC purchased a new stake in iShares Convertible Bond ETF in the fourth quarter valued at approximately $264,000.

iShares Convertible Bond ETF Stock Performance

BATS:ICVT traded down $0.68 during trading hours on Monday, reaching $84.90. 280,670 shares of the company were exchanged. iShares Convertible Bond ETF has a 52-week low of $50.43 and a 52-week high of $58.18. The stock has a 50 day simple moving average of $87.06 and a 200 day simple moving average of $83.28.

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.