73,937 Shares in iShares Convertible Bond ETF $ICVT Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans purchased a new stake in iShares Convertible Bond ETF (BATS:ICVT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 73,937 shares of the company’s stock, valued at approximately $7,397,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ICVT. Focus Partners Wealth bought a new position in shares of iShares Convertible Bond ETF in the 1st quarter valued at about $663,000. Sax Wealth Advisors LLC acquired a new position in shares of iShares Convertible Bond ETF during the 2nd quarter worth approximately $225,000. Croban raised its stake in shares of iShares Convertible Bond ETF by 12.6% during the 2nd quarter. Croban now owns 11,542 shares of the company’s stock worth $1,040,000 after purchasing an additional 1,292 shares in the last quarter. RHS Financial LLC bought a new stake in shares of iShares Convertible Bond ETF during the 2nd quarter worth approximately $351,000. Finally, Sagespring Wealth Partners LLC boosted its holdings in shares of iShares Convertible Bond ETF by 4.6% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 19,104 shares of the company’s stock valued at $1,721,000 after buying an additional 845 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT opened at $101.27 on Friday. The company’s fifty day simple moving average is $101.21 and its 200 day simple moving average is $98.85. iShares Convertible Bond ETF has a 1-year low of $75.97 and a 1-year high of $93.29.

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