Gries Financial LLC Buys 1,916 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Gries Financial LLC increased its stake in iShares Convertible Bond ETF (BATS:ICVT) by 20.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,113 shares of the company’s stock after acquiring an additional 1,916 shares during the period. Gries Financial LLC’s holdings in iShares Convertible Bond ETF were worth $944,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ICVT. Milestone Asset Management LLC increased its stake in shares of iShares Convertible Bond ETF by 6.5% during the fourth quarter. Milestone Asset Management LLC now owns 6,992 shares of the company’s stock valued at $594,000 after purchasing an additional 429 shares in the last quarter. Strategic Blueprint LLC grew its position in shares of iShares Convertible Bond ETF by 23.4% during the 4th quarter. Strategic Blueprint LLC now owns 14,130 shares of the company’s stock valued at $1,201,000 after acquiring an additional 2,678 shares during the period. SteelPeak Wealth LLC grew its position in shares of iShares Convertible Bond ETF by 48.5% during the 4th quarter. SteelPeak Wealth LLC now owns 27,439 shares of the company’s stock valued at $2,331,000 after acquiring an additional 8,966 shares during the period. Perigon Wealth Management LLC lifted its stake in shares of iShares Convertible Bond ETF by 49.6% during the 4th quarter. Perigon Wealth Management LLC now owns 15,413 shares of the company’s stock valued at $1,331,000 after buying an additional 5,111 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. lifted its stake in iShares Convertible Bond ETF by 0.5% in the 4th quarter. Wetzel Investment Advisors Inc. now owns 47,256 shares of the company’s stock worth $4,015,000 after purchasing an additional 243 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 2.7 %

Shares of ICVT stock opened at $87.42 on Thursday. iShares Convertible Bond ETF has a 52 week low of $50.43 and a 52 week high of $58.18. The company’s fifty day simple moving average is $87.20 and its two-hundred day simple moving average is $83.96.

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.